Prince Pipes Drops Hard: Profitable Short Trade Unfolds!

Prince Pipes on the 1-day timeframe has showcased significant bearish momentum, achieving TP1 and TP2 successfully. This short trade setup, identified using the Risological Swing Trading Indicator, continues to hold promise for hitting the remaining targets as the downtrend persists.

Key Levels:

• Entry: ₹614.85
  
• SL: ₹667.80
  
• TP1: ₹549.35 ✅
  
• TP2: ₹443.40 ✅
  
• TP3: ₹337.45 🔄
  
• TP4: ₹272.00 🔄
  

Technical Analysis:

• The trade initiated at ₹614.85, with a well-placed stop-loss at ₹667.80 to manage risk effectively.
  
• The price action consistently trended below the Risological resistance line, validating the strength of the bearish movement.
  
• TP1 and TP2 have already been achieved, reflecting the precision of the indicator.
  
• With the continuation of selling pressure, TP3 and TP4 remain within reach, making this trade a textbook example of leveraging market trends for optimal profits.