RETEST IS NEEDED - - PIRAMAL PHARMAEverything is pretty much explained in the picture itself.
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PPLPHARMA trade ideas
Piramal Pharma-looks good from here.1. Price Action & Trend Analysis
The stock has been in an uptrend since its low in late 2022, following an ascending trendline (dashed black).
Multiple higher lows (circled in blue) have formed, respecting the trendline.
Currently, the stock broke down sharply (-11.57%), testing both the trendline support and the horizontal resistance turned support (black horizontal line).
If the price holds above this key level, it may bounce; otherwise, further downside is possible.
2. Support & Resistance Levels
Support: Around 194-200 INR, where the stock is testing the trendline.
Resistance:
307.90 INR (High level)
414.20 INR (Projected target if the uptrend continues)
3. RSI & Momentum Analysis
RSI (14) = 40.69, indicating a neutral to slightly bearish zone (not oversold yet).
RSI-based MA (58.65) shows a significant drop, meaning momentum is weakening.
If RSI drops below 40, it could indicate further downside.
4. Future Projection
Bullish Scenario: If the stock bounces off this support, it may resume its uptrend toward 250-300 INR.
Bearish Scenario: If it breaks below 194 INR, it could drop further to 150 INR or even the previous low near 100 INR.
5. Summary
Key Decision Zone: 194-200 INR
Trend: Still bullish but at risk of breakdown.
Watch RSI & Support Levels: A break below 194 INR could trigger more selling.
PPLPHARMA NSE POLE & FLAG BO DT/WTF SWING/POSITIONALPIRAMAL 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
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
PIRAMAL PHARMA S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Piramal Pharma (1 Hour Chart) - Technical AnalysisPiramal Pharma (1 Hour Chart) - Technical Analysis
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Chart Overview:
Descending Triangle Pattern: The stock is forming a descending triangle, which is a bearish pattern but can break in either direction. The price is compressing between resistance at the downward-sloping trendline and support at around ₹222.
Resistance Zone: Around ₹230.
Support Zone: The stock has strong support near ₹222, as indicated by multiple rejections from that level.
Volume:
The volume is relatively low but steady, suggesting that a breakout could be imminent. A rise in volume could validate the move in either direction.
Potential Scenarios:
Bullish Breakout: A close above the ₹230 resistance could trigger a move towards the ₹240-₹245 zone.
Bearish Breakdown: A close below ₹222 could lead to a deeper correction, with support at ₹215 or lower.
Disclaimer: This analysis is for educational purposes and not financial advice.
life high Let’s dive deeper into the breakdown and the **last 5 candles** for a more detailed explanation of the chart:
### **Breakout Analysis**:
**Breakout Level**: The stock price had been **consolidating** just below the resistance level of **₹194.96** for a while. This resistance level corresponds to the previous high, forming a psychological barrier.
**Volume Confirmation**: The breakout was accompanied by a **massive volume spike** (112 million shares), which is a clear indicator that there’s strong buying interest and confirms that the breakout is likely legitimate.
**Uptrend Line**: The purple trendline connecting the higher lows suggests that this uptrend has been building steadily over time. When the price broke above the ₹194-₹195 resistance, it broke free from this consolidation phase.
### **Last 5 Candles Analysis** (Weekly Chart):
1. **First Candle** (Leftmost):
**Type**: Large **bullish candle** 📈.
**Action**: This candle was the first to **break above ₹194.96**, making it significant as it signals a breakout. The long body suggests strong upward momentum, with buyers stepping in at the ₹195 level and driving the price up.
**Volume**: Volume was **strong**, suggesting a lot of participation during the breakout.
2. **Second Candle**:
**Type**: **Small-bodied candle**, a bit of a **spinning top** or **doji-like** pattern 📊.
**Action**: After the strong breakout, the price action showed **indecision**. This indicates the market is pausing after a large move up, possibly due to profit-taking or some hesitation among traders about further upside.
**Volume**: The volume slightly decreased, confirming the market's hesitation.
3. **Third Candle**:
**Type**: Another **bullish candle** 🔼 but smaller than the first.
**Action**: This candle confirms that the breakout remains **intact** as the price is holding above the breakout level and moving slightly upward. The smaller body compared to the first candle suggests that the momentum may be cooling off but is still on the upside.
**Volume**: Moderate volume suggests some interest, but it’s lower than the breakout candle, which is expected in a consolidation period.
4. **Fourth Candle**:
**Type**: **Small bearish candle** 💬 with a shadow (wick).
**Action**: This candle indicates a **small pullback** or retracement, which is common after a breakout. Some traders are likely locking in profits after the breakout. The lower wick shows that although the price pulled back, buyers stepped in again, preventing a deeper drop.
**Volume**: Slightly lower volume, indicating consolidation, and the sellers didn’t have much control despite the pullback.
5. **Fifth Candle** (Rightmost, Current Candle):
**Type**: **Large bullish candle** 📈
**Action**: This is the **most significant candle**, with a **16.20% price surge**, confirming that buyers are back in full force. The long body shows that the price jumped from₹186 to₹219.59, a very strong move. This candle signals the continuation of the breakout move, with no significant resistance in the way.
**Volume**: **Massive volume** (112M), which is far higher than previous weeks, confirming that the breakout has strong participation, making the uptrend more likely to continue.
### **Breakout Strength & Continuation**:
The strength of this breakout is validated by the combination of **price action** (breaking through resistance) and **volume confirmation** (high volume during the breakout).
With such strong volume and the fact that the price is now clearly above the **₹195 resistance**, this suggests that the stock could continue its upward momentum towards the next major resistance around **₹240-245**.
### **What to Watch**:
A **strong close** this week will confirm the breakout.
If the price stays above the **₹195** level with continued higher volume, it suggests that the breakout will hold.
**Pullbacks** are possible, but they may provide entry points if the price holds above the ₹195 level.
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### **Summary of Breakout & Last 5 Candles**:
**Breakout confirmed** at ₹195 with huge volume.
The stock has entered a **strong bullish phase** with increasing buying pressure.
The **last 5 candles** show initial hesitation, a small pullback, but a **huge bullish push** in the most recent candle.
Let me know if you'd like more insights! 😊
no recommendation for buy and sell
PPLPHARMARectangle Pattern Breakout.
Volume Buildup seen.
Good for Short term.
Above all Key EMA.
Target 174 , 195 ...
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Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
PPL PHARMA All time high in making ?PPLPHARMA has crossed the resistance with a strong candle after retesting the breakout and this move is supported by volume as well. It might move to target marked in some time.
Target: 186
SL: 138
R-R: ~1:2
Simple charts, so that, everyone can understand. I'll be posting more such ideas like this. Until that, like share and follow :)
Thanks,
Wayfarer.
keep learning and keep earning.
Disclaimer: We are not registered financial advisors, and the views shared here are personal opinions. It's important to consult with your financial advisors before making any investment decisions.
PIRAMAL PHARMA - SUPPLY ZONE BREAKOUT FOR SWING TRADINGSUPPLY ZONE & 5 MONTHS BREAKOUT
Breakout point - 150
ENTRY - 150
SL - 137
TARGETS - 165, 180
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.