Prince Pipes : Trend Line BreakoutA beautiful Trend line Breakout visible on Charts with a total possible upside move of 24%.
Volumes Rising & Good strength in stock
Swing Traders Can Book profits at 5/10% rest can keep trailing.
PRINCEPIPE trade ideas
PRINCEPIPEPRINCEPIPE Good to go long as a Risk & reword is so good & stock accumulation near 200 MA.
construction & real estate industry is now growing.
My short term stop loss Closing below 640.
T1 720
T2 740
T3 850
Closing above 780 i will add more.
(we can be see 1000 level)
* my end goal :- concentrated to ride full trend.
Prince Pipes BUYReclaimed 200D EMA. BUY once it crosses 672 for a target of 697. SL-648 Target 2-745
Trend reversal... !!!The stock about to take reversal.. wait for opportunity, then take your position.
This is only educational purpose, Do your own analyze before trade!!!
Prince Pipes - CautionIn the past i have been bullish on this stock..but now its time to be cautious..
The stock is on the verge of a breakdown + could break below the 200EMA..
So if you own the stock it'd make for a good short below 650 or to exit existing positions..
If you continue to be bullish on the stock then you rebuy it once it crosses back over the 200EMA of 600/550 depending on where the stock goes upto.
200 EMA support in Prince Pipes We can see 200 EMA and trendline support in Prince Pipes. A morning star pattern is also observed which means that the Price is taking support and it closed above the opening of the red candle which shows great buying in the stock.
under U shape recovery PRINCEPIPE under U shape price recovery mode .. Q3 results might be a testing here !!
PRINCEPIPE - Add at support levelFundamentally good stock.. Stock is trading at support level, keep accumulating for 24% gain
Prince Pipes-Falling channel breakoutPrince Pipes looks good to move towards 800+ levels soon considering the breakout of falling channel with significant volumes. FII's have increased stake in last quarters. RS is near 0 Line so R:R is good. SL can be a small 8-10%
This could be a counter for long term.
Great opportunity to buy best buy at cmp all analysis details on chart one can go through hope for the best
Prince PipesTight weekly closes for 3 weeks.
Something big is going to happen.
Good consolidation for few months
Relative strength is not favouring though.
Any break down below 200 EMA shall invalidate the setting.
Prince Pipes - Downtrend after H&S formationPrince 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.
prince pipeInverted head and shoulder pattern
buy some around 840
more on dips till 800
sl 760
target open
price pipes-weekly -bearish harmonics formed bearish harmonic technically it may go down.
caution- for the investors who trade breakout.
recently it breaks weekly resistance to move upside which will act as a support now.
investor can buy few at 800 and if it come to 780 -700 level can buy few.
analyze and trade accordingly by taking advice from your financial advisor.
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
Perfect Retest with two long tail candle with 50MA supportPrince pipe has given the BO 8th Nov, 21 from rounding Bottom, in last two days in market fall it has tested support, where buyers have responded strongly
it has not close below the Breakout zone and nr breakout zone it has formed two long tail candle, which indicates buying interest.
Also RSI has not breached earlier low
FY21-22 Swing Trade Idea #201: Long on PRINCEPIPEThis 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 objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
PRINCE PIPESI AM NOT SEBI REGISTERED.
Educational purpose only.
This is not recommendation of buying or selling.
All calls and post are for educational purpose and self examination.
PRINCEPIPEWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
