PRINCE PIPE LONGName - #PRINCEPIPE
CMP -707
SL - 650
TGT - 750/825/900
Time Frame - 4 - 6 months
Pattern - Falling Wedge Breakout
PRINCEPIPE trade ideas
prince pipesgreat fundamental pick came across it because of a few custom fundamental screens on screener Business looking really good
industrial tailwinds likely present because the shole sector seems to be doing well.
target and stop loss is thereon the long position graphically present on the chart
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
Bull flag and a falling channelBuy at 646 levels for a target of 800
SL 634
Can be bought at current levels with 25% of your capital. But patience will pay off always
Prince Pipes (Getting ready for another ATH?)- Bounced back from its strong support of 50 DMA
- RSI gaining momentum (bullish over 60)
- Darvas box BO appears on the cards
PRINCEPIPES: Near Breakout Levels mentioned in chart.
Note: Not a SEBI Registered analyst.
Take the trades at your own discretion.
Multibagger Stock ✌✌After a Long Consolidation it is now moving. Keep on your Radar and it May be a Multinagger Stock.
PRICE PIPES FITTINGA STOCK IS IN UPTREND AFTER CONSOLIDATION IT BREAK OUT WITH HEAVY VOLUME. STOCK CAN GO UP TO 540.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
PRINCE PIPES - AMAZING BREAKOUT AND RETEST , BUY AT CMP 575 PRINCE PIPES IS A FUNDAMENTALLY STRONG COMPANY
CHARTS SHOW HIGHER HIGH HIGHER LOW FORMATION
GUYS CHECKOUT
SHORT TERM TARGETS OF 650+
MEDIUM TERM TARGETS OF 750+
LONG TERM TARGETS OF 1000+
BUY AND FORGET !
Prince Pipes - Breakout after a strong consolidation - Breakout candle on 9 Apr with higher volumes followed by a volatile consolidation
- Another bullish candle on 30 Apr with volumes
- 510 can be a nice entry however the price structure indicates uptrend
- Buying at 530 levels is quite risky, it is better to wait for another breakout candle above 550
- Price trending with shallow retracements
Prince pipes to SHORT if falls Long above 522Critical position prince pipes is at. If low then falls
