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(PEL) Piramal Enterprises complete technical analysis [charts+indicators] | Buy/Sell Piramal Enterprises | (PEL) share price targets

Complete technical analysis of Piramal Enterprises (PEL) by charts plus indicators, forecast predictions and share price targets for Piramal Enterprises (PEL)

Piramal Enterprises trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Piramal Enterprises is 1040034

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	794.85	809.80	809.80	791.00	1.022 times
30 Thu May 2024	800.00	830.95	831.25	797.05	2.671 times
29 Wed May 2024	830.10	819.00	838.20	813.35	1.859 times
28 Tue May 2024	819.25	833.50	833.50	811.05	1.123 times
27 Mon May 2024	829.40	823.10	834.00	819.45	1.101 times
24 Fri May 2024	819.35	821.95	821.95	815.20	0.472 times
23 Thu May 2024	818.95	820.00	822.95	816.30	0.525 times
22 Wed May 2024	817.05	824.80	825.65	813.00	0.602 times
21 Tue May 2024	818.65	831.00	831.00	817.35	1.055 times
18 Sat May 2024	828.75	830.00	833.00	826.10	0.082 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 798, but if it comes above 798, then a intra day buy could be more profitable.
If you take a sell trade below 798, then use 798 as stoploss and 750.7 as target. However if you take a buy trade in stock , then use 798 as stoploss and 837.42 as target.

Share price targets for Piramal Enterprises (PEL)

Target Type	Value
Downside Target	791.00
Upside Target	851.95
Upside Target	906.75
Upside Target	937.85
Upside Target	961.60
Upside Target	964.50
Upside Target	966.00
Upside Target	970.60
Upside Target	974.70

Intraday share price targets for Piramal Enterprises (PEL)

Target Type	Value
Downside Intraday Target	777.83
Downside Intraday Target	760.82
Upside Intraday Target	825.03
Upside Intraday Target	855.22
Upside Intraday Target	808.02

Weekly technical analysis of Piramal Enterprises (PEL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	794.85	823.10	838.20	791.00	2.931 times
24 Fri May 2024	819.35	831.00	831.00	813.00	0.552 times
18 Sat May 2024	828.75	851.00	851.95	806.65	0.429 times
10 Fri May 2024	847.40	967.00	970.60	811.00	1.85 times
03 Fri May 2024	962.20	930.00	966.00	906.75	0.637 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Piramal Enterprises (PEL)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	794.85	924.50	970.60	791.00	1.299 times
30 Tue Apr 2024	924.70	853.00	937.85	825.00	0.933 times
28 Thu Mar 2024	849.35	916.00	974.70	806.00	0.953 times
29 Thu Feb 2024	914.75	916.25	964.50	837.20	1.116 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Piramal Enterprises (PEL)

Price action analysis of Piramal Enterprises ( (PEL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Piramal Enterprises ( (PEL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Piramal Enterprises ( (PEL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Piramal Enterprises stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Piramal Enterprises in short term and the sell signal is strong.

Piramal Enterprises Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Piramal Enterprises in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Piramal Enterprises is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 814.84 and Piramal Enterprises (PEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Piramal Enterprises (PEL) stock. Volume based technical analysis of Piramal Enterprises (PEL) stock is negative.

Piramal Enterprises Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.