PPLPHARMA Monthly Breakdown Setup | Bearish Below ₹180

PPLPHARMA is forming continuous red candles on the monthly chart, indicating clear weakness after a strong rally. Currently, the price is consolidating just above the ₹180 support zone. A monthly close below ₹180 will confirm a fresh breakdown and trigger strong bearish sentiment.

📊 Structure Highlights:

Consistent lower highs and lower lows

Testing crucial structure support at ₹180

No bullish reversal candle observed in recent months

📉 Key Levels:

⚠️ Breakdown Trigger: Monthly close below ₹180

🎯 Target Support Zone: ₹140–₹115

🛑 Stop Loss for Shorts: Monthly close above ₹200

📍 From current level, ideal stop loss is ₹180 (for early positional trades)

📌 View:
Bearish sentiment will strengthen below ₹180. A shorting opportunity opens up with a favorable risk-reward toward the ₹140–₹115 zone.