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Technicals for Piramal Enterprises Limited
By MusingTheNews
2025-09-04 20:39
Overall Technical outlook
Price Summary
In today's trading session, PEL's shares dived by -2.84%, marking a lousy day. On 2025-09-04, PEL's stock started at 1109.0, reached a high of 1111.2, fell to 1072.4, and ended -2.84% lower at 1077.5, with 315535 shares traded. The top price for the stock in the last 52 weeks is 1339.3, with the bottom price being 872.4. Future price predictions suggest a range between 950.0 and 1350.0, with an average expected price of 1185.0, as per 7 analysts.
Technicals
Support and Resistance: The current price of 1077.5 is supported at 1075.8, with resistance at 1127.2. This suggests that the price for PEL might remain between these levels, where 1075.8 acts as a floor and 1127.2 as a ceiling in the market. Support/Resistance for PEL
Aroon: The Aroon indicator signals a continued bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications. Aroon chart for Piramal Enterprises Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for Piramal Enterprises Limited
Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for Piramal Enterprises Limited. Parabolic Stop and Reverse chart for Piramal Enterprises Limited
Stochastic: The Stochastic K-line's descent below the D-line and under 20 suggests a mildly bearish outlook for PEL. This indicates that the market may face some pressure to the downside, though the bearish tone is moderate. Investors should consider this as a potential early warning sign. Stochastic chart for Piramal Enterprises Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Tripple SMA chart for Piramal Enterprises Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
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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