Get started
investingedge1s

PIIND STOCK PRICE ACTION ANALYSIS

Long
PI INDUSTRIES (NSE:PIIND)  
investingedge1s Updated   
NSE:PIIND   PI INDUSTRIES
Support and Resistance Supply and Demand Trend Lines PIIND supply_and_demand investingedge
3
0
supportandresistance supplyanddemand trendline piind supply_and_demand investingedge
PIIND

I was expecting the price of this stock to reach the monthly demand zone. However, looking at the candles, it doesn't seem like the price will go down any further. Here are my reasons:

  1. The weekly demand zone is a strong zone because it took the price to an all-time high.
  2. The price has also broken through a monthly supply zone.
  3. The price is currently at the EMA20 support level. I always follow the EMA20 and I think the price can go up from here. It would be even better if the price reached the monthly demand zone. The supply zone above could react off the wall and come into our supply zone. Let's see what happens.
Trade closed: target reached:
1st target completed,
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.