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Price and trend forecast of PPL for Tomorrow, Weekly, Monthly

Prakash Pipes Limited

Symbol: NSE:PPL

ISIN: INE050001010

391.65

As on 2024-04-24

150.00 (52W Low) 493.00 (52W High)

PPL's Today's Performance

Prakash Pipes Limited started the day by opening at 389.90 today 2024-04-24. Its shares reached a high of 395.00 and dipped to a low of 385.00 in intraday. When the markets closed, PPL’s stock price settled at ₹391.65 per share. Also check out its key support and resistance levels.

PPL Buy/Sell Targets

Tomorrow, buy PPL when its price reaches ₹ 391.65 with a stop-loss order at ₹ 387.33. You can set the target price as ₹ 395.97 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of PPL for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for PPL

Downside Targets Value in ₹
Tomorrow Down Target 1 396
Tomorrow Down Target 2 401
Tomorrow Down Target 3 406

Important Levels for PPL

Holding Levels Value in ₹
Tomorrow Up Target 1 386
Tomorrow Up Target 2 381
Tomorrow Up Target 3 376
Based on where the stock opens tomorrow, if PPL opens on a positive note, our first target will be ₹396. If Target 1 is achieved, we will aim for Target 2 which is ₹401.

But if PPL falls below the average value of ₹390.55, you can enter a sell side position with target number 1 - ₹386 and second target - ₹381 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of PPL

Looking at PPL, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, PPL has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PPL is moderate bullish.

Tomorrow's Volume based share price Forecast for PPL

PPL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -9%.

Reversal detection for PPL

Predicted trend chart of PPL tomorrow for price forecast
PPL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹383 in morning tomorrow
Target 1 tomorrow394
Target 2 tomorrow397
Target 3 tomorrow401
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with PPL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if PPL opens on a positive note, our first target will be ₹396.10. If Target 1 is achieved, we will aim for Target 2 which is ₹400.55.

But if PPL falls below the average value of ₹390.55, you can enter a sell side position with target number 1 - ₹386.10 and second target - ₹380.55

PPL's Weekly Targets
1st Up Target 398.98
2nd Up Target 406.32
1st Down Target 380.33
2nd Down Target 369.02

As the week for PPL ended on bullish sentiments, we can expect further continuation of this sentiment. PPL's initial target will be 398.98 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 380.33 in the upcoming week.

Weekly OHLC Values
Open 382.00
High 395.00
Low 376.35
Close 391.65

Week for PPL started with an open price of 382.00, and the close was at 391.65. PPL reached the highest of 395.00 and dipped lowest up to 376.35 last week. This indicates a bullish sentiment for the week.

PPL full month swing targets
Monthly Up Target 1 417.63
Monthly Up Target 2 424.97
Monthly Down Target 1 361.68
Monthly Down Target 2 331.72

Targets of ₹417.63 can be expected to be reached in the coming month. Once PPL achieved this target, we can aim for the next upside target of ₹424.97.

PPL if fails to hold upside, down targets of ₹361.68 and ₹331.72 can be achieved by end of this month.

For complete three weeks if PPL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

PPL is expected to reach the target of 396.10 in tomorrow's trading session.

After achieving the initial target in PPL, we will aim for higher targets of 400.55 tomorrow.

However, if PPL starts to trade below ₹390.55, then we will shift our focus to the sell side and aim for down targets of 386.10 and 380.55.