#Princepipe is forming a rounding bottom bottom after consolidating for 52 weeks. Looking good to buy at these levels for 730/775/830 with SL of 650 on closing basis. Please do ur own study before any investment.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
PRINCEPIPE recently experienced a breakout with significant volume last month. Now, if we examine the weekly chart, we can observe that the price is currently testing the breakout level, which previously acted as resistance. At present, the price is trading near a crucial support area.
📉 Bearish Candles and Volume Divergence:
On the daily chart, we can spot six...
PRINCEPIPE: Prince Pipes & Fittings Ltd
PC-A = PC-B
• Strong retracement from lower support of PC-B
• Script is respecting the Parallel Channel levels at every levels
• Last candle's close above 580 is conforming the BO for Midline of PC-B
• Taller green towers in volume indicating support for stronger breakout, and Rounding...
Chart -> Prince Pipes Weekly
A falling wedge breakout in prince pipes may end the downtrend.
Targets: 650 and 730
Good range: Around 575
SL: 545 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
#PRINCEPIPE (W):-CMP 630 Looks Good For More Upsides :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
Prince Pipes is showing a bit weakness, not only in stock but also as per pattern it might go down for a while and recover.
although it will take time anything might happen, best to invest only a strong uptrend is observerd.
This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Princepipe - Chart has formed congestion in the monthly timeframe, Cup & Handle in the daily timeframe, a bullish engulfing candle on 29th Oct Friday Closing, All this has formed with the Earnings Ahead. It' a good buy Crossing the current resistance range 741-754 with good volume .