PPAP AUTOMOTIVE LIMITEDPPAP Automotive LimitedNSE:PPAPTheSRFxPPAP 256 on 03-07-2026 Key levels Current Price: ~₹256.5 Major Resistance: ₹275–285 Breakout Confirmation: Weekly close above ₹315 Support 1: ₹240–245 Support 2: ₹225–230 Strong Support: ₹205–210 Best accumulation zones 🟢 Zone 1 (Best): ₹225–235 Good risk-reward Near previous demand area Suitable for the first allocation 🟢 Zone 2 (Aggressive): ₹205–215 Strong historical support Attractive if the broader market corrects Consider a larger allocation only if the business thesis remains intact 🟡 Breakout Buy: Above ₹315 Only after a weekly closing breakout with strong volume Suitable for momentum investors Zone to avoid 🔴 ₹270–310 This is a resistance/supply area where the stock has struggled historically. Risk of rejection is higher than reward for fresh buying. Suggested position sizing 30% allocation at ₹235–240 40% allocation at ₹220–225 30% allocation only if it dips to ₹205–210 If instead the stock breaks above ₹315 on strong weekly volume, you could buy the breakout rather than waiting for a pullback. Long-term targets (if execution remains strong) 12–18 months: ₹350–380 2–3 years: ₹500–650 5+ years (if margins improve, ROCE rises, and the order book converts into earnings): ₹900–1,200 The long-term targets depend on the company delivering on its growth plans and improving profitability; they are not guaranteed. For now, I would wait for either: A pullback into ₹225–235 (preferred), or A confirmed weekly breakout above ₹315. That offers a better balance between upside potential and downside risk than buying aggressively around ₹256. PPAP