PIRAMAL PHARMA on a Break Out

Piramal Pharma has given a breakout @101.10 after clearing resistance at 97.30 on nearly double the volume of 10 days average volumes. The first target is 125.20 followed by second target of 145.80 and final target of 180. Stop loss for the trade should be below 87.50.

Piramal Pharma was demerged from Piramal Enterprise and after opening at 200 it had gone down to 63 during Feb '23.

Disclosure: This analysis is done only for Education purposes, and should consult financial advisor before undertaking trade.