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Princepipes

Prince Pipes Drops Hard: Profitable Short Trade Unfolds!Prince Pipes on the 1-day timeframe has showcased significant bearish momentum, achieving TP1 and TP2 successfully. This short trade setup, identified using the Risological Swing Trading Indicator , continues to hold promise for hitting the remaining targets as the downtrend persists. Key Levels: Entry: ₹614.85 SL: ₹667.80 TP1: ₹549.35 ✅ TP2: ₹443.40 ✅ TP3: ₹337.45 🔄 TP4: ₹272.00 🔄 Technical Analysis: The trade initiated at ₹614.85, with a well-placed stop-loss at ₹667.80 to manage risk effectively. The price action consistently trended below the Risological resistance line, validating the strength of the bearish movement. TP1 and TP2 have already been achieved, reflecting the precision of the indicator. With the continuation of selling pressure, TP3 and TP4 remain within reach, making this trade a textbook example of leveraging market trends for optimal profits.
NSE:PRINCEPIPEShort
by ProfitsNinja
Prince Pipes & Fittings Ltd Trend AnalysisOverall chart seems like a zig-zag ABC pattern, where B wave formed a double combo WXY correction consisting of zig-zag (W) and an elongated Flat (Y). The higher degree wave C will be impulsive and can take almost equal time as wave A. Good to accumulate for the following targets: Short term target @ 1040 (55% ROI) Long term target @ 1535 (130% ROI within 18 months) Momentum will kick in once 770 level is breached. Do your own due diligence before taking any action. Peace!!
NSE:PRINCEPIPELong
by Swastik24
Prince Pipes and Fittings Limited Trend AnalysisPrice is going through complex correction since 15 months. Looks like primary WXY correction as labelled. Minimum target should be near previous high around 895 level. Once breakout happens, 1280 level will be its technical target as per the saucer pattern. Improving fundamentals. Almost debt free. New products added in collaboration with global players. Can accumulate or buy around 650 level. Do your own due diligence before taking any action. Peace !!
BSE:PRINCEPIPELong
by Swastik24
Prince Pipes Fittings Swing OpportunityA rounding base (saucer bottom) has formed in which a reverse H&S pattern is clearly identifiable. As per the chart pattern, it's technical target is near it's ATH at 897 which seems achievable in the short term. Good to buy at CMP for a target of 897 with SL below 635 (35.6% ROI with 8.9:1 R:R) For best results, buy while the breakout is happening with huge volume above the white trendline resistance drawn for reference. Sometimes I draw trendlines on line chart to ignore the wicks of candlesticks for better R:R and that's a personal preference. Stock is good for long term as well, it can go around 1300 levels. A good 95% upside potential. As always, do your own due diligence before taking any action. Peace!!
NSE:PRINCEPIPELong
by Swastik24