#Watchlist
#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 has formed H & S Pattern which is a bearish pattern. If any breakdown occurs below neckline, then that will be the right time to go short in this stock.
Disclaimer: This is meant for educational purposes only.
Prince Pipes is Good on the chart now
strong fundamental
Good Volume When Stock Go Up Also Good Delivery
good consolidation over 8-9 month
Trail Your Sl And Protect your gain
Trail On 20DMA On Closing Basis
PrincePipes has been trading in a channel pattern for more than 2months and now it has broken the channel on the top side and we can expect it to move up 10% from the breakout. The target I have kept is based on the height of the channel pattern. It may retest the breakout based on the market sentiments.
#personallyinvested
Disclaimer: Kindly consult your...
A 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 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.
The stock about to take reversal.. wait for opportunity, then take your position.
This is only educational purpose, Do your own analyze before trade!!!
In 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...
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.
Prince 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.
Tight 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.
