PEL (Piramal Enterprises Ltd) – Detailed Technical View
On the daily chart, PEL has been under consistent selling pressure for the past two weeks, reflecting a clear downward momentum. The weekly chart also supports a bearish outlook, suggesting that the stock is still struggling to find strong buying interest in the near term.
In today’s session, the stock opened at ₹1084.00, made a low of ₹1078.90, touched an intraday high of ₹1096.00, and finally closed at ₹1091.70, which is slightly higher than yesterday’s closing price. This small positive closing indicates that buyers are attempting to defend lower levels, especially around ₹1075–₹1080.
From an indicator perspective, the stock is currently trading around its 200-day EMA, which is acting as a critical support zone. For the last two sessions, PEL has been able to hold above the ₹1075 level, showing resilience despite the recent decline. On the upside, the immediate resistance is placed near ₹1100, which is acting as a minor hurdle. A decisive close above this level, supported by volume, could potentially change the short-term sentiment from bearish to neutral-to-positive.
If the stock sustains above ₹1070 and manages a breakout above ₹1100, it may enter a recovery phase and move towards the next resistance levels. In that case, the stock has the potential to test ₹1150 in the short term and even extend towards ₹1200 in the medium term. However, failure to hold above ₹1070 could invite further selling pressure, dragging the stock lower.
- Key Support Zones: ₹1075 – ₹1070
- Immediate Resistance: ₹1100
- Short-term Target (if breakout): ₹1150
- Medium-term Target: ₹1200
Overall, PEL is at a crucial support area. Traders should watch the ₹1070–₹1100 range closely, as the stock’s next directional move will largely depend on how it behaves around these levels.
Seasonality in September:
Historically, PEL has given negative returns in 12 of the last 17 years, with an average fall of ~4%. Hence, caution is advised this month.
Bottom Line:
PEL is weak technically but strong fundamentally. Q2 results (Nov 2025) and smooth merger integration will be key triggers. If positive, the stock could recover from its current downtrend.
Disclaimer:
This analysis/report is prepared for educational and informational purposes only. It should not be considered as investment, trading, or financial advice. Stock market investments are subject to market risks. Past performance is not indicative of future returns. Please consult your SEBI-registered financial advisor before making any investment decisions.
Disclosure:
Investogainer Research is a SEBI Registered Research Analyst (Reg. No. INH000012856) and listed with BSE (Code: 5845). We/our associates/analysts do not have any personal or financial interest, beneficial ownership, or conflict of interest in the securities discussed, unless otherwise specifically mentioned.
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Daily Chart Analysis on PEL 03092025