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padiyara
May 22, 2017 4:55 PM

PI Industries Ltd:814. Target 1200 in an year. 

PI INDUSTRIESNSE

Description

PI Industries Ltd:814 is a good stock in Agrochemicals like Bayer,
to have in one’s portfolio. Target 1200 in an year.
support: 787 (A shabby movement in[iv] doesn't allow to give a closer Stop Loss)
Assumes that we are in 3 of (5). There are many
internal waves in wave (5), seem to have an extension
in wave (5). Currently we are in sub wave [iv],
moving in a complex way. On completion of [iv] PIIND
will move to new high. A trade below 693 will negate this count.
The sector having a slow move will affect a bit.

Comment

Hopes envisiond
Comments
harishkumarhs
Sir the present 'iv' th wave looks like a Running Triangle. But you mean it can turn out to be a Double Correction [abc-x-abc] as well.
padiyara
@harishkumarhs, yes, wave iv can always be a complex correction. right.
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