TRADING WITH PATTERNPattern trading is very tricky.
Market has taken support at blue circle, which is bottom of weekly / monthly pattern.
now price started to move up - using ladder of 4 h range.
PRINCEPIPE trade ideas
STOCK NEAR SUPPORT ZONE: PRINCE PIPES AND FITTINGSPrince Pipes & Fittings has been in a downtrend for a long time.
The stock is trading around the key support level of 559 levels.
Support levels: 544, 521
20 EMA (Black line) is below 50 EMA (Orange trend), indicating that the bearish trend may continue.
Once the price reaches the support levels, we expect some consolidation.
If a breakout with good volume is confirmed, you can enter for long-term targets.
Resistance levels: 584, 617, 642, 680
Scanner scans - Rpower, PrincepipeRpower showed up on the scanner and gave handsome 12% returns in few days.
Now Princepipe and VIPind has come up.
Lets see how this goes.
SPARC which did show up on the scanner is just passing time and not doing anything, hasn't hit the SL or TGT but I got out of it with minor gains and then employed the amount in Rpower.
Prince Pipe Stock Price AnalysisWe are observing a potential buying opportunity around the price of 545. The stock has shown support within this range, making it a Buy Zone for traders. Key levels to watch are:
T1 Target: 709
T2 Target: 775
These are the potential price points where the stock could move towards after a reversal.
SL: 517
NOTE: It's not a recommendation, it is for educational purposes only.
PRINCE PIPES - Swing Trade Analysis - 15th May #stocksPRINCE PIPES (1D TF) - Swing Trade Analysis given on 15th May, 2024
Pattern: CUP & HANDLE
- Volume Buildup at Resistance - Done ✓
- Daily Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Only for risk takers - Gambling?Prince Pipes
Price is falling but RSI stabilized from some sessions.
It might become a falling knife too.
Other pipe companies like Astral, Finolex Industries Ltd are not looking weak.
May be we will see a news that some large player completely exited and selling is happening all this while.
I am not trading in this, do not have enough capital to bet. Just sharing so you share your thoughts on this.
I call this one gambling or betting. Keep a strict SL that you are okay to take. 545, 530 are support levels. or better off avoiding.
Prince Pipe (Farming Falling Wedges)Forming Falling wedges
If it sustains above 600 then you can go for long for 675
with stop loss 580
Prince Pipes & Fittings LtdIts near its 52 Week low.
Promoter Holding is good & No promoter Pledged.
Below 200 EMA on weekly chart (White Line).
Demand Zones are marked as Green shaded horizontal areas.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Reduction in debt & debt is less than reserves.
Levels:-
Buy 510 - 400
Stoploss 360
tgt 735 - 855 - 1000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
PRINCEPIPES- 8 ka funda 100>200 fOR bIG tARGETS 90 days 1) Strai8 ka funda 100>200 fOR bIG tARGETS 90 days
1) Curvy Pattern
2) Volume Low
3) Breakout possible, provided dont go below this curve
PRINCEPIPE | Swing Trade📊 DETAILS
Sector: Plastics - Tubes/Pipes/Hoses & Fittings
Mkt Cap: 8,121 cr
Prince Pipes and Fittings Limited is an integrated piping solution & multi polymer manufacturer. It was established in 1987 and initially manufactured PVC products. It is currently engaged in the manufacturing of polymer piping solutions in four types of polymers CPVC, UPVC, HDPE, PPR.
TTM PE : 36.95 (Average PE)
Sector PE : 76.67
Beta : 0.78
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
4.60% away from 52 week high
Underperformer - Prince Pipes & Fittings up by 7.26% v/s NIFTY 50 up by 7.76% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Price action Explained PRINCEPIPE - Price action Explained
+ Go through the Chart for more Understanding
+ Spending time at the resistance with low Volume
+ Trading above Key EMAs
Prince pipes Prince price looks good for more upside with volumes increasing and a clear change in trend
Prncepipe Ltd. Weekly chart AnalysisPrince pipes weekly chart Anayas. Cup and handle breakut. Good for buy abv 761 TG 850&958. SL 710. Hold for 6-8 months . Weekly RSI alos good -62 .
Fresh Breakout_ PrincepipePrince pipe witnessed a fresh breakout.
Multiple breakouts on weekly charts (Inverted Head & Shoulder) & (Flag & Pole)
Breakout coming after 2021, likely to open for an upside till 1000+ levels
prince pipeprince pipe gave result in novemeber month.
made good base
cmp 688
support 600
above 750 good run gave tgt 850,900
Prince pipe I have but view on Prince pipe with the target of 1000 plus in long term view . We can easy see cup and handle breakout on the chart . And this quarter result are excellent.
PRINCE PIPES FITTINGS DAY CHARTchannel support and engulfing candle to trade 1:2 target NSE:PRINCEPIPE
Prince Pipes - Long exact level 723.65, previous swing high
Levels have been marked on 1H Chart with white and red horizontal lines respectively. Please adhere to them.
Disclaimer: I am not a SEBI Registered Analyst and this is only for educational purposes. I will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision.
Prince pipe seems goodPrince pipe seems rounding bottom formation in weekly concentrate for short term, minor term
if price sustain above 730 in daily
BREAKOUT, PRINCE PIPES, 56% RETURNS!!!BUY - PRINCE PIPES FITTINGS LTD
CMP - Rs. 711
Target - 1: Rs. 896
Target - 2: Rs. 1113
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Timeframe - 4 months - 8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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#PrincePipe CMP693 formation of rounding bottom#Princepipe is forming a rounding bottom bottom after consolidating for 52 weeks. Looking good to buy at these levels for 730/775/830 with SL of 650 on closing basis. Please do ur own study before any investment.
Prince Pipes Turning Around1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a long consolidation NSE:PRINCEPIPE is showing signs of upward movement, buy with a stop at ₹620.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
PRINCEPIPE LongPrice has been on increasing trend from past many weeks. 550 price level has good demand and multiple touch points can be seen on support line. 55W RS increasing and may cross above zero line.
