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Soham-18
Apr 30, 2021 3:46 PM

Prince Pipes - Breakout after a strong consolidation  Long

PRINCE PIPES FITTINGS LTDNSE

Description

- Breakout candle on 9 Apr with higher volumes followed by a volatile consolidation
- Another bullish candle on 30 Apr with volumes
- 510 can be a nice entry however the price structure indicates uptrend
- Buying at 530 levels is quite risky, it is better to wait for another breakout candle above 550

  • - Price trending with shallow retracements

Comment

No need to chase, wait for the stock to come to the levels or else leave
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