BHUMIT-ARQ
Long

PI Industries Out Of Falling Channel

NSE:PIIND   PI INDUSTRIES
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Buy Range : CMP or at (price range 760-770)
Targets : 805-830-860
Stoploss : Below 720

Rationale :
Witnessed a breakout from a Falling channel consolidation (Black parallel lines), in previous trading session with sharp surge in volumes.
Oscillator turns positive & heading upwards. 14-RSI is coming out of oversold zone giving break above its own trendline .
Slow stochastic has generated a buy entry
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