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Emargin Positional Pick - Buy Prince Pipes And Fittings Limited For Target Rs. 890 - HDFC Securities

* The stock price (Prince Pipes and Fittings Ltd) has been in a sustained upmove over the last few weeks, as per weekly timeframe chart.

* Presently, the stock price is making an attempt to move above the larger consolidation band around Rs 800-810 levels.

* Hence, a sustainable move above this multi-month hurdle could be considered as a decisive upside breakout of the stock trend and that could have a sharp positive impact on the stock price ahead.

* Weekly 14 period RSI has turned up from near 65 levels and weekly DMI/ADX indicate positive pattern. Both of these oscillators are signaling a possibility of further strengthening of upside momentum in the stock price ahead.

* The overall chart pattern of PRINCEPIPE indicate long trading opportunity. One may look to create positional long as per the levels mentioned above.

Buy Prince Pipes And Fittings Ltd Up to 3 Months @ Add on dips 753 CMP 802.10 TGT 890 SL 735

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