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MARKET OUTLOOKPELSTOCK OUTLOOK

Piramal Enterprises Outlook for the Week (August 14, 2023 – August 18, 2023)

Piramal Enterprises closed the previous week on a negative note losing 8.02%.

Technically, Piramal Enterprises share price will see immediate support at 977.00 and immediate resistance would be seen at 1,061.15.

If Piramal Enterprises share price closes below immediate support of 977.00, then sharp breakdown can be seen. Piramal Enterprises share price will see major support at 929.05 for the week.

On the positive side, immediate resistance will be seen at 1,061.15. Closing above 1,061.15, Piramal Enterprises share price will see a sharp breakout. Major resistance for Piramal Enterprises share price will be seen at 1,097.35 for the week.

Trading range for Piramal Enterprises share price for this week should be between 892.85 on down side and 1,145.30 on up side.

Piramal Enterprises Previous Week High: 1049.4

Piramal Enterprises Previous Week Low: 965.25

Piramal Enterprises Previous Week Range: 84.15 Points

Piramal Enterprises share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 1,145.30
Resistance 2 1,097.35
Resistance 1 1,061.15
Support 1 977.00
Support 2 929.05
Support 3 892.85

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