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PRESTIGE ESTATES PROJECTS LTD.PP

PRESTIGE ESTATES PROJECTS LTD.

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PRESTIGE trade ideas

Prestige- LONG TERM ACCUMULATION - EDUCATION PURPOSE #Prestige This analysis focuses on the long-term accumulation strategy for Prestige, emphasizing key support levels that are crucial for making informed trading decisions. This strategy is designed for educational purposes and aims to help traders understand the importance of support levels in the context of long-term investments. Risk Management: Establishing support levels assists in managing risk by setting predefined points for making buying decisions, thereby limiting potential losses. This analysis is intended to provide educational value and should not be construed as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
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by vinod0211
SWING IDEA - PRESTIGE ESTATESPrestige Estates , a leading Indian real estate developer, is showing a compelling opportunity for a swing trade. Reasons are listed below : Breakthrough of Resistance Zone : The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum. 0.5 Fibonacci Bounce : The price retraced to the 0.5 Fibonacci level and subsequently bounced back, suggesting this level is acting as strong support, reinforcing the potential for continued bullish movement. Breakout from Consolidation Phase : The stock has broken out of a 4-month consolidation phase, signaling that it could be entering a new upward trend. Bullish Marubozu Candle on Weekly Timeframe : Last week's marubozu candle (with minimal shadows) indicates strong buying pressure and supports the case for continued bullish momentum. Trading Above 50 and 200 EMA on Weekly Timeframe : Prestige Estates is trading above both the 50-week and 200-week exponential moving averages, which is a robust signal of a prevailing uptrend. Trading at All-Time High : The stock is currently trading at its all-time high, indicating strong bullish sentiment. However, traders should watch for potential pullbacks or resistance at this level. Target - 1650 // 1800 // 1900 Stoploss - weekly close below 1300 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
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by Visionary_Growth_Insights
Prestige estate Darvas box , Flag & Pole breakoutHi All, One of the looked up sector to invest in Indian market is the real estate sector. One of the leaders in this segment is Prestige estate. Real estate sector is on revival after almost 10-15 years in India. Fundamentally topline and bottom line is improving and will continue in time as the expectations. Technically, the chart was in range bound move for last 2 years and now attempting a breakout on the first day of the week . This can be considered a bit early entry because the volumes say everything on charts. Also when we look at last 5 years, we see a formation of flag and pole which is a bullish pattern. based on Fibonacci levels and range box height the script can show levels of 650 800 first. Once these levels are seen , we will further evaluate the company. The risk reward is favourable where stop loss can be anywhere below 440 levels on weekly closing basis. Note: the chart shared here is having logarithmic scale and candle is weekly time framed. ***As we have strict guidelines, the shared idea is just for learning on how to read & analyse charts and not recommendations of any sorts. Take it with pinch of salt :) *** ***If you like my analysis , then do follow me for more updates and like it so others can also benefit from this :) **** Happy trading !
NLong
by Kunal_TA