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PRINCEPIPE

PRINCE PIPENote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:PRINCEPIPELong
by SENSITRADE_T
Swing and Intraday trade: watch for channel breakoutbuy above 702 in swing trade can buy for Intraday as well keep stoploss 660 DCB for swing target - 760, 800, 820 in Swing For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:PRINCEPIPELong
by stockkar
2
Why you should be careful before trading in PRINCEPIPE As many of my followers were asking about PRINCEPIPES, here is my view, Plz read the whole If still, your setups match go for it :) Logic points -- 1) On Monthly charts, It has not given a good retracement 2) On the day chart if you make a Fibonacci retracement from the lowest part till the near term high then u will see a retracement of only 0.2 3) Such retracement either show heavy bullishness for the short term or can be deadly bearish for the long term faking out for the retracement part just like a breakout 4) A good consolidation on the D chart only doesn't mean bullishness, although the chart seems interesting and is consolidating continuously for some days so what to do now? Answer: Either enter now if you are so attracted towards PRINCEPIPES and only wanted to trade in it as per your setup says, But then do make a good and strict SL and also use less capital ( really less ) just in case. OR Wait for some time, let it consolidate for some weeks or days more, and come to FIBONACCI levels retracement of 0.5 or 0.6 in order to get the real bullish momentum in the stock you are looking for. Thank you, AAA
NSE:PRINCEPIPE
by Averoy_Apoorv_Analysis