prince pipeinverted head and shoulders chances of good move....entry can be above last days high ....
PRINCEPIPE trade ideas
Prince Pipe LONGPrince Pipe forms a rectangle on hourly chart. Once it gonna cross 751, it will fly. First target : 850
PRINCEPIPEPVC Segments are bullish. One of the outperformers in this segment is Prince Pipe. After 4.5 Months of consolidation and highest closing of 738, finally gave close above that level.
PRINCEPIPE _BREAKOUT EXPECTING COMING WEEKPRINCEPIPE _BREAKOUT EXPECTING COMING WEEK. The current Pirce is 749.40. The latest Volume is also positive.
Prince Pipes Fittings Ltd: Something big is about to happenHere is an interesting one. One of my favourite thing to see in a chart is one formation leading to the development of another formation.
Here, on the daily chart, Prince Pipes formed a perfect Flag and Pole Pattern with higher volume in pole formation and lower volume during Flag. It gave a breakout of this pattern and retested the level. In doing so it formed an Inverted Head and Shoulders Pattern and gave a breakout of this Inverted Head and Shoulders pattern with volume.
Two bullish pattern breakouts are seen in Prince Pipes. After 4 months Prince Pipes is finally ready to give us a rally.
Target 1: 800-805
Target 2: 865-875
Target 3: 1080-1100
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON PRINCEPIPE.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
PRINCE PIPE FITTINGS LEVELS...11.10.2021 (D Candle)PRINCE PIPE FITTINGS touched many times in 750 zone but not closed, once its closed above 755 at daily candle closing basis it will reach new high 850-900
Prince pipes for long termDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Prince Pipes and Fittings24 May to 27 Sep range has been broken.
With head n shoulder pattern formed
and broken.
Recommended to Buy on Dips with
4 clear levels able to see.
PRINCEPIPE : BREAKOUT Prince pipe - Range Breakout stock
Buy @ CMP
TGT - 800 & ABOVE
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
Princepipe BullishCup & Handle pattern, Head & Shoulder pattern formation in Princepipes. Add above 700 for a target of 760 & 800. Trade with strict stoploss of 651.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions
prince pipe in focous hello traders , we can see a good movement if prince pipe hold support
we can see a good movement if hold support
Princepipe down channel BO & retestNSE:PRINCEPIPE
Buy now at 700 or above 710
SL closing below 655
T 740, 760, 790
closing above 805 can see more rally
One BO, different entries and it's psychology!As a breakout & retest is complete, it gives the best scenerio for entry with compliance to the rules of money management as RR ratio and position sizing are considered as major components while entring a trade for a trader.
In this case, a low has been established at 665 which will act as a point for SL placement in the near future.
Types of traders entering into this trade:
#1. Agressive traders: These traders wait for a buyers candle to form after a retest on the trendline and as soon as the candle forms like in this case, a buy stop order at the high price of the candle is placed. This is a risky bet but this reduces the SL significantly while providing the best possible RR ratio for the position.
#2. Conservative Traders: Here, as the breakout is complete and the stock establishes a High (in this case 739.85(Doji candle High)) and when the retest is done, these traders wait for the high (739.85) and place a buy stop order at this price giving the safest possible entry in theory. Though this distorts the RR ratio a little bit as SL remains the same but the probability for upside is high. This entry works on the Dow Theory as Higher Highs and Lower Lows starts to form which indicates bullish view.
This is why it is said that trading is 20% execution and 80% waiting.
Resistance Retest after BreakoutThe chart is self explanatory.
The share is retesting its previous resistance after giving a breakout - Healthy Bounce with Morning Star and sustained Volume levels
Expected Upside movement if the price manages to break its recent high after breakout.
This is not a Financial Advice. It is only to be used for Learning Purposes.
Thank You :)
Long in PRINCE PIPESThis scrip is in an uptrend since its debut, it had now given a breakout from a correction. There are other reasons to but this scrip.
1. Bounced back from the monthly Fibonacci Pivot
2. 21EMA is about to cross 50EMA
3. Rise in volumes with rise in price
4. Rise in RSI (67)
Swing traders may consider this scrip to long with SL of previous swing high and a target of ATH.
PRINCEPIPE 1D TF A break above the descending trend line indicates that buying demand has come in and a change in trend could be imminent.
Crossing the level of 724 is pivotal for achieving the upper-hand targets of 750 followed by reclaiming ATH
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
