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.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.