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Price and trend forecast of PRINCEPIPE for Tomorrow, Weekly, Monthly

Prince Pipes And Fittings Limited

Symbol: NSE:PRINCEPIPE

ISIN: INE689W01016

695.95

As on 2024-06-13

521.35 (52W Low) 776.00 (52W High)

PRINCEPIPE's Today's Performance

Prince Pipes And Fittings Limited started the day by opening at 683.90 today 2024-06-13. Its shares reached a high of 710.15 and dipped to a low of 683.85 in intraday. When the markets closed, PRINCEPIPE’s stock price settled at ₹695.95 per share. Also check out its key support and resistance levels.

PRINCEPIPE Buy/Sell Targets

Tomorrow, buy PRINCEPIPE when its price reaches ₹ 695.95 with a stop-loss order at ₹ 680.88. You can set the target price as ₹ 711.03 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of PRINCEPIPE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for PRINCEPIPE

Downside Targets Value in ₹
Tomorrow Down Target 1 709
Tomorrow Down Target 2 723
Tomorrow Down Target 3 736

Important Levels for PRINCEPIPE

Holding Levels Value in ₹
Tomorrow Up Target 1 683
Tomorrow Up Target 2 670
Tomorrow Up Target 3 657
Based on where the stock opens tomorrow, if PRINCEPIPE opens on a positive note, our first target will be ₹709. If Target 1 is achieved, we will aim for Target 2 which is ₹723.

But if PRINCEPIPE falls below the average value of ₹696.65, you can enter a sell side position with target number 1 - ₹683 and second target - ₹670 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of PRINCEPIPE

Looking at PRINCEPIPE, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, PRINCEPIPE has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PRINCEPIPE is moderate bullish.

Tomorrow's Volume based share price Forecast for PRINCEPIPE

PRINCEPIPE's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -16%.

Reversal detection for PRINCEPIPE

Predicted trend chart of PRINCEPIPE tomorrow for price forecast
PRINCEPIPE may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹681 in morning tomorrow
Target 1 tomorrow707
Target 2 tomorrow713
Target 3 tomorrow723
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with PRINCEPIPE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if PRINCEPIPE opens on a positive note, our first target will be ₹709.45. If Target 1 is achieved, we will aim for Target 2 which is ₹722.95.

But if PRINCEPIPE falls below the average value of ₹696.65, you can enter a sell side position with target number 1 - ₹683.15 and second target - ₹670.35

PRINCEPIPE's Weekly Targets
1st Up Target 723.37
2nd Up Target 750.78
1st Down Target 655.32
2nd Down Target 614.68

As the week for PRINCEPIPE ended on bullish sentiments, we can expect further continuation of this sentiment. PRINCEPIPE's initial target will be 723.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 655.32 in the upcoming week.

Weekly OHLC Values
Open 665.00
High 710.15
Low 642.10
Close 695.95

Week for PRINCEPIPE started with an open price of 665.00, and the close was at 695.95. PRINCEPIPE reached the highest of 710.15 and dipped lowest up to 642.10 last week. This indicates a bullish sentiment for the week.

PRINCEPIPE full month swing targets
Monthly Up Target 1 791.42
Monthly Up Target 2 818.83
Monthly Down Target 1 587.27
Monthly Down Target 2 478.58

Targets of ₹791.42 can be expected to be reached in the coming month. Once PRINCEPIPE achieved this target, we can aim for the next upside target of ₹818.83.

PRINCEPIPE if fails to hold upside, down targets of ₹587.27 and ₹478.58 can be achieved by end of this month.

For complete three weeks if PRINCEPIPE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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BEL Bharat Electronics Limited Aerospace & Defense

Summary

PRINCEPIPE is expected to reach the target of 709.45 in tomorrow's trading session.

After achieving the initial target in PRINCEPIPE, we will aim for higher targets of 722.95 tomorrow.

However, if PRINCEPIPE starts to trade below ₹696.65, then we will shift our focus to the sell side and aim for down targets of 683.15 and 670.35.