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

Piramal Pharma Limited

Symbol: NSE:PPLPHARMA

ISIN: INE0DK501011

138.75

As on 2024-04-12

69.05 (52W Low) 149.00 (52W High)

PPLPHARMA's Today's Performance

Piramal Pharma Limited started the day by opening at 143.90 today 2024-04-12. Its shares reached a high of 143.90 and dipped to a low of 138.10 in intraday. When the markets closed, PPLPHARMA’s stock price settled at ₹138.75 per share. Also check out its key support and resistance levels.

PPLPHARMA Buy/Sell Targets

Tomorrow, sell PPLPHARMA when its price reaches ₹ 138.75 with a stop-loss order at ₹ 141.43. You can set the target price as ₹ 136.08 to capture potential gains. This sell 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 PPLPHARMA for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for PPLPHARMA

Resistance Levels Value in ₹
Tomorrow Resistance 1 142
Tomorrow Resistance 2 146
Tomorrow Resistance 3 148

Important Supports for PPLPHARMA

Support Levels Value in ₹
Tomorrow Support 1 137
Tomorrow Support 2 134
Tomorrow Support 3 131
Based on where the stock opens tomorrow, if PPLPHARMA opens on a positive note, our first target will be ₹142. If Target 1 is achieved, we will aim for Target 2 which is ₹146.

But if PPLPHARMA falls below the average value of ₹140.25, you can enter a sell side position with target number 1 - ₹137 and second target - ₹134 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 PPLPHARMA

Looking at PPLPHARMA, we've seen a Decreasing 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, PPLPHARMA has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for PPLPHARMA

PPLPHARMA's Volume is currently in a Decreasing 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 -5%.

Reversal detection for PPLPHARMA

Predicted trend chart of PPLPHARMA tomorrow for price forecast
PPLPHARMA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹145 in morning tomorrow
Target 1 tomorrow142
Target 2 tomorrow144
Target 3 tomorrow146
 

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 PPLPHARMA'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 PPLPHARMA opens on a positive note, our first target will be ₹142.40. If Target 1 is achieved, we will aim for Target 2 which is ₹146.05.

But if PPLPHARMA falls below the average value of ₹140.25, you can enter a sell side position with target number 1 - ₹136.60 and second target - ₹134.45

PPLPHARMA's Weekly Targets
1st Up Target 145.03
2nd Up Target 151.32
1st Down Target 135.13
2nd Down Target 131.52

As the week for PPLPHARMA ended on bearish sentiments, we can expect further continuation of this sentiment. PPLPHARMA's initial target will be 145.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 135.13 in the upcoming week.

Weekly OHLC Values
Open 140.75
High 147.70
Low 137.80
Close 138.75

Week for PPLPHARMA started with an open price of 140.75, and the close was at 138.75. PPLPHARMA reached the highest of 147.70 and dipped lowest up to 137.80 last week. This indicates a bearish sentiment for the week.

PPLPHARMA full month swing targets
Monthly Up Target 1 154.93
Monthly Up Target 2 161.22
Monthly Down Target 1 125.23
Monthly Down Target 2 111.72

Targets of ₹154.93 can be expected to be reached in the coming month. Once PPLPHARMA achieved this target, we can aim for the next upside target of ₹161.22.

PPLPHARMA if fails to hold upside, down targets of ₹125.23 and ₹111.72 can be achieved by end of this month.

For complete three weeks if PPLPHARMA 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.

Related Stocks in the Same Sector as PPLPHARMA

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

PPLPHARMA is expected to reach the target of 142.40 in tomorrow's trading session.

After achieving the initial target in PPLPHARMA, we will aim for higher targets of 146.05 tomorrow.

However, if PPLPHARMA starts to trade below ₹140.25, then we will shift our focus to the sell side and aim for down targets of 136.60 and 134.45.