PPLPHARMA is forming continuous red candles on the monthly chart, indicating clear weakness after a strong rally. Currently, the price is consolidating just above the ₹180 support zone. A monthly close below ₹180 will confirm a fresh breakdown and trigger strong bearish sentiment.
📊 Structure Highlights:
Consistent lower highs and lower lows
Testing crucial structure support at ₹180
No bullish reversal candle observed in recent months
📉 Key Levels:
⚠️ Breakdown Trigger: Monthly close below ₹180
🎯 Target Support Zone: ₹140–₹115
🛑 Stop Loss for Shorts: Monthly close above ₹200
📍 From current level, ideal stop loss is ₹180 (for early positional trades)
📌 View:
Bearish sentiment will strengthen below ₹180. A shorting opportunity opens up with a favorable risk-reward toward the ₹140–₹115 zone.
📊 Structure Highlights:
Consistent lower highs and lower lows
Testing crucial structure support at ₹180
No bullish reversal candle observed in recent months
📉 Key Levels:
⚠️ Breakdown Trigger: Monthly close below ₹180
🎯 Target Support Zone: ₹140–₹115
🛑 Stop Loss for Shorts: Monthly close above ₹200
📍 From current level, ideal stop loss is ₹180 (for early positional trades)
📌 View:
Bearish sentiment will strengthen below ₹180. A shorting opportunity opens up with a favorable risk-reward toward the ₹140–₹115 zone.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.