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!!
Princepipeswaveanalysis
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 !!