Piramal Pharma - Bottom in place?
A stock thats been much discussed and retail all tried to play the disinvestment for quick buck but instead got stuck..
This stock could've potentially bottomed out there..
There is a double bottom and RSI positive divergence. The stock for the first time has also broken the downward sloping trend line.. (another positive)
Long at current price with stoploss below 113.
I think its worth taking a shot for long term investors and i wouldn't even keep a stoploss for such investors but instead average below 90 if it ever were to fall.
For traders the stoploss is the best way to go about things.
This stock could've potentially bottomed out there..
There is a double bottom and RSI positive divergence. The stock for the first time has also broken the downward sloping trend line.. (another positive)
Long at current price with stoploss below 113.
I think its worth taking a shot for long term investors and i wouldn't even keep a stoploss for such investors but instead average below 90 if it ever were to fall.
For traders the stoploss is the best way to go about things.
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