Deep Discounted Stock: Prince Pipes
Prince Pipes has been in strong correction mode for the past 4 months.
Prince Pipes is trading near the 3.6-year support zone of 410.
The stock has corrected ~50 percent from all-time highs of 897 levels.
The stock price is trading above the important support zone of 410 levels.
Pros
Can consider to short-term to long-term.
Resistance levels: 521, 578, 680, 755
Support levels: 410, 379
Prince Pipes is trading near the 3.6-year support zone of 410.
The stock has corrected ~50 percent from all-time highs of 897 levels.
The stock price is trading above the important support zone of 410 levels.
Pros
- Spending by the government on housing and infrastructure may enhance volumes.
- Greater probability of imposition of anti-dumping tariff on PVC resin imports.
- The capital expenditure projection for FY25 is set at Rs 330-350 crores.
Can consider to short-term to long-term.
Resistance levels: 521, 578, 680, 755
Support levels: 410, 379
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.