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