PPLPHARMA trade ideas
Trendline Breakout in Piramal Pharma Ltd...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Piramil pharma can give 50% returnsPPL pharma corrected 60% from demerger.
Looks good at cmp 83 for target of 130 levels.
Keep accumalating the dips
Piramal PharmaPPL Pharma
Elliot Wave theory Study -
Piramal Pharma Made lows near 80-84 , It had been seen downtrend as per Elliot wave theory.
Here, is study for reversal as per Elliot Wave theory, for 4-5 months view
Targets 100, 110, 130, 145
SL near 76
This chart is only for educational purpose. Do your own study before taking any trades or contact to your financial advisor
Piramal Pharma - Bottom in place?A stock thats been much discussed and retail all tried to play the disinvestment for quick buck but instead got stuck..
This stock could've potentially bottomed out there..
There is a double bottom and RSI positive divergence. The stock for the first time has also broken the downward sloping trend line.. (another positive)
Long at current price with stoploss below 113.
I think its worth taking a shot for long term investors and i wouldn't even keep a stoploss for such investors but instead average below 90 if it ever were to fall.
For traders the stoploss is the best way to go about things.
Piramal Pharma - Bottoming out?If the stock breaks above 143.70 then it is a buy with a SL below 138.
Otherwise look for a double bottom around 125 levels..
This stock could move up from there.
