PPLPHARMA NSE POLE & FLAG BO DT/WTF SWING/POSITIONAL
PIRAMAL PHARMA STOCK Analysis
TRADE PLAN
ENTRY -230 50% Qty, Add 50% qty 243 DTF Close
SL -186 (Note: SL is deep below the Weekly Low since there is a FVG in WTF
TARGET --01-243 (Swing) , TGT02--306
Hold For a 06M-1 Year or TGT 2
Chart Pattern :
STOCK had a 6 Month Streak to Touch an ATH of 243, Retracing in Equal time to 23.6% FIBO Level forming a Bullish Flag Pattern indicating a Bullish continuation..
INDICATORS EMA :
The STOCK Price has Trading above 50EMA, and bouncing up from 20EMA in DTF. STOCK EMAs are currently in ascending alignment 20 to 200EMA where on 1th an 5.3%+ price rise with Volumes indicating start of a bullish Flag Breakout Trend on DTF/WTF.
FIBO/E :
Currently the price is above 20% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 230.
Volumes: There is a uptrend in Volume above the 20VMA on the DTF & Weekly Charts for10-12 Weeks even during the Pullback.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
TRADE PLAN
ENTRY -230 50% Qty, Add 50% qty 243 DTF Close
SL -186 (Note: SL is deep below the Weekly Low since there is a FVG in WTF
TARGET --01-243 (Swing) , TGT02--306
Hold For a 06M-1 Year or TGT 2
Chart Pattern :
STOCK had a 6 Month Streak to Touch an ATH of 243, Retracing in Equal time to 23.6% FIBO Level forming a Bullish Flag Pattern indicating a Bullish continuation..
INDICATORS EMA :
The STOCK Price has Trading above 50EMA, and bouncing up from 20EMA in DTF. STOCK EMAs are currently in ascending alignment 20 to 200EMA where on 1th an 5.3%+ price rise with Volumes indicating start of a bullish Flag Breakout Trend on DTF/WTF.
FIBO/E :
Currently the price is above 20% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 230.
Volumes: There is a uptrend in Volume above the 20VMA on the DTF & Weekly Charts for10-12 Weeks even during the Pullback.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
Trade active
Swing TGT Crossed Hold for TGT 2 Trail SL to 250Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.