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

Prince Pipes And Fittings Limited

Symbol: NSE:PRINCEPIPE

ISIN: INE689W01016

554.85

As on 2024-10-04

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

PRINCEPIPE's Today's Performance

Prince Pipes And Fittings Limited started the day by opening at 553.00 today 2024-10-04. Its shares reached a high of 563.15 and dipped to a low of 550.70 in intraday. When the markets closed, PRINCEPIPE’s stock price settled at ₹554.85 per share. Also check out its key support and resistance levels.

PRINCEPIPE Buy/Sell Targets

Tomorrow, sell PRINCEPIPE when its price reaches ₹ 554.85 with a stop-loss order at ₹ 559.79. You can set the target price as ₹ 549.91 to capture potential gains. This sell 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 1 562
Tomorrow Down Target 2 569
Tomorrow Down Target 3 574

Important Levels for PRINCEPIPE

Holding Levels Value in ₹
Tomorrow Up Target 1 549
Tomorrow Up Target 2 544
Tomorrow Up Target 3 537
Based on where the stock opens tomorrow, if PRINCEPIPE opens on a positive note, our first target will be ₹562. If Target 1 is achieved, we will aim for Target 2 which is ₹569.

But if PRINCEPIPE falls below the average value of ₹556.23, you can enter a sell side position with target number 1 - ₹549 and second target - ₹544 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 Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for PRINCEPIPE

PRINCEPIPE's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish 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 trend may continue to be bearish since stock is making lower low and we can get target of ₹558 in morning tomorrow
Target 1 tomorrow561
Target 2 tomorrow564
Target 3 tomorrow569
 

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 ₹561.77. If Target 1 is achieved, we will aim for Target 2 which is ₹568.68.

But if PRINCEPIPE falls below the average value of ₹556.23, you can enter a sell side position with target number 1 - ₹549.32 and second target - ₹543.78

PRINCEPIPE's Weekly Targets
1st Up Target 564.30
2nd Up Target 573.75
1st Down Target 548.05
2nd Down Target 541.25

As the week for PRINCEPIPE ended on bearish sentiments, we can expect further continuation of this sentiment. PRINCEPIPE's initial target will be 564.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 548.05 in the upcoming week.

Weekly OHLC Values
Open 563.65
High 566.95
Low 550.70
Close 554.85

Week for PRINCEPIPE started with an open price of 563.65, and the close was at 554.85. PRINCEPIPE reached the highest of 566.95 and dipped lowest up to 550.70 last week. This indicates a bearish sentiment for the week.

PRINCEPIPE full month swing targets
Monthly Up Target 1 580.55
Monthly Up Target 2 590.00
Monthly Down Target 1 531.80
Monthly Down Target 2 508.75

Targets of ₹580.55 can be expected to be reached in the coming month. Once PRINCEPIPE achieved this target, we can aim for the next upside target of ₹590.00.

PRINCEPIPE if fails to hold upside, down targets of ₹531.80 and ₹508.75 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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Summary

PRINCEPIPE is expected to reach the target of 561.77 in tomorrow's trading session.

After achieving the initial target in PRINCEPIPE, we will aim for higher targets of 568.68 tomorrow.

However, if PRINCEPIPE starts to trade below ₹556.23, then we will shift our focus to the sell side and aim for down targets of 549.32 and 543.78.