Prakash Pipes - Fib RetracementWith steady sales, profit, dividend, increasing fii buy, this looks to be an attractive buy for a swing trade
PPL trade ideas
PPL - Prakash Pipes Ltd - Uptrend - Long1. Double Bottom at Demand Zone
2. 50 EMA support
3. Volume Spike
4. ADX - shows Trend Strength buildup
Bullish View on Prakash PipesTargets towards 250/300
I just follow Fib levels.
I am not the best analyst like the other social media experts. I am just a beginner and self investor. Please DYOR
Prakash pipe looks goodPPL Has given very strong breakout.
Now waiting for a retest entry.
Keep on watchlist.
Prakash Pipes Strong Bullish momentumWeekly timeframe has broken out of a 2 year long consolidation period, it shows a flag and pole pattern breakout at Weekly R1.
Also note that the consolidation and bounce that has happened is at Fib 38.2%, hence expect strong bullish momentum to continue.
Hence looking for huge upside potential in the Mid to Long term, for a short term can look for the black lines marked in the weekly timeframe.
Demand levels marked in the 75 min time frame.
Prakash Pipes can Pull Out a good jumpPPL CMP: 171
Prakash Pipes is one of the largest PVC pipes and fittings manufacturer in India. The company products are Agri pipes, plumbing pipes, casing pipes and garden pipes etc. In 2018-19 the company entered flexible packing division & furthermore expanded it to provide complete packaging solutions to FMCG companies manufacturing laminates and pouches for snacks, soaps, shampoo etc.
Prakash pipes CMP is 171. The Negative aspects of the company is high promoter pledge. The Positive aspects of the company are improving annual net profits, no debt & improving cash from operating activity.
Entry can be taken at closing above 175. Final entry at 185. Target of the call will be 199. Long term target is 209. Stop loss of the call should be maintained at closing below 155.
Fibonacci Levels - Multiple Support LevelsFibo retracement levels acted as support level at multiple price points
Disc : Not holding and not a buy or sell recommendation
prakash pipes breakoutcan enter in pull back.
low debt, price lower than book value by 1.5 times, intrinsic value 205
warning : earnings / revenues not growing steadily
for education purposes
PPL 1DNSE:PPL
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All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
PPL 1DNSE:PPL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
PPL 1DNSE:PPL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
NSE:PPL LongNSE:PPL
#PPL broken the resistance and closed above the level, Sustainability will give good positive momemtum.
Good above : 160 with SL 145
⭐ Pipes are buzzing | Amazing pattern to trade on A very good breakout from this channel :)
Quite tradable with proper risk management
Prakash PipesPrakash Pipes....giving Rectangle Breakout. Looks good to add each dip for good gains.
Also recently have good results. They even recently added cvc pipes in their portfolio which will give good profit in coming times.
PPL at all time high with highest volumeAt ATH with highest volume, maybe consolidation, but could be good bet on breakout above 121 on weekly closing basis
PPLPPL gave a good volume breakout. Entry, SL, Target updated on chart.
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
