Prince Pipes: Bullish Structure Building Near Demand

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Prince Pipes: Bullish Structure Building Near DemandPrince Pipes And Fittings LtdNSE_DLY:PRINCEPIPEmohitdevelopmentsPrince Pipes appears to be nearing completion of a corrective ABC structure on the lower timeframe, with price reacting positively from an important accumulation zone. The current setup suggests that selling pressure may be weakening as price stabilizes near support. The reaction from the demand area indicates the possibility of accumulation and the early stages of a bullish reversal structure. A sustained move and acceptance above the 252–253 zone would act as confirmation for bullish continuation and could open the path towards the 287–295 target zone. The projected upside aligns with the previous supply area and liquidity resting near prior swing highs, making it a logical area for price expansion. Trade Plan: Buy Zone: Near current levels Bullish Confirmation: Above 252–253 Stop Loss: Below recent structure low Target Zone: 287–295 Note: This setup is based on price structure, accumulation behavior, and trend development on the lower timeframe. Proper risk management is essential.