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Technicals for Piramal Enterprises Limited
By MusingTheNews
2025-12-15 20:51
Overall Technical outlook
Price Summary
On 2025-11-06, Piramal Enterprises Limited's stock began at 1124.2, peaked at 1124.2, declined to 1124.2, and ended the day 0.0% lower at 1124.2, with 0 shares traded. Over the past 52 weeks, the stock reached a maximum price of 1339.3 and a minimum price of 872.4. The price projection is between 1015.0 and 1460.0, with an average expected price around 1276.4286, according to 7 analysts.
Technicals
Support and Resistance: The current price of 1124.2 is supported at 1099.5, with resistance at 1127.2. This suggests that the price for PEL might remain between these levels, where 1099.5 acts as a floor and 1127.2 as a ceiling in the market. Support/Resistance for PEL
Aroon: The bullish trend in Aroon continues for PEL, with Aroon Up maintaining its position at the 100 level. This suggests sustained upward momentum, but further analysis is needed, especially in combination with other indicators, to confirm the trend's future prospects. Aroon chart for Piramal Enterprises Limited
Bol. Bands: The asset's price is currently above the upper Bollinger Band, maintaining this position since its previous upward surge. This indicates strong bullish momentum and suggests that the asset could be overbought. Traders may interpret this as a sign of ongoing strength for PEL, but they should also be cautious of a potential correction, as extended periods above the band often lead to reversals. Bolinger Bands chart for Piramal Enterprises Limited
Parabolic SAR: The PSAR continues to signal a bearish outlook, setting a significant resistance level. This resistance could limit upward momentum, indicating that the market may struggle to overcome this bearish pressure in the near term. Parabolic Stop and Reverse chart for Piramal Enterprises Limited
Stochastic: The current reading of the STOCHASTIC is neutral for PEL, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Stochastic chart for Piramal Enterprises Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Tripple SMA chart for Piramal Enterprises Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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