PEL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a detailed technical breakdown of Piramal Enterprises Ltd. (₹1,295) based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Bullish with strong momentum

Price Action: Trading above both 50-DMA (₹1,189) and 200-DMA (₹1,077) — confirms bullish trend.

RSI (63.0): Strong momentum, nearing overbought zone.

MACD (41.1): Positive crossover — supports continuation of uptrend.

Volume: Slightly below 1-week average — suggests mild consolidation or pause.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 1,189 Bullish (Price > DMA)

200-DMA 1,077 Bullish (Price > DMA)

📉 Momentum Indicators

RSI: 63.0 — bullish, but approaching overbought territory.

MACD: Strong positive — confirms upward momentum.

Bollinger Bands: Price likely near upper band — potential resistance or breakout zone.

🔍 Volume Trends

Current Volume: 5.01 lakh

1W Avg Volume: 7.56 lakh

Interpretation: Slightly lower volume may indicate consolidation before next move.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 1,265

Support 2 1,189 (50-DMA)

Resistance 1 1,325

Resistance 2 1,352 (52W High)

Resistance 3 1,400

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,265–₹1,285 (near support)

Exit Zone: ₹1,325–₹1,352 (resistance and 52W high)

Stop Loss: ₹1,189 (50-DMA support)

🧭 Conclusion

Trend: Bullish with strong momentum

Momentum: Positive, but watch RSI for signs of exhaustion

Recommendation: Ideal for short-term swing trade. Watch for breakout above ₹1,325 with volume confirmation. Tight stop loss advised due to proximity to overbought zone.

You can explore live technical charts and signals on TradingView’s PEL page or TopStockResearch’s technical dashboard

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