Double Bottom Neckline Breakout Soon - PIIND📊 Script: PIIND
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading near neckline of Double bottom patter, we may see breakout of it.
📈 Breakout is above 3891 level.
📈 One can go for Swing Trade only candle closing above 3891 level.
BUY ABOVE ONLY - 3891
⏱️ C.M.P 📑💰- 3867
🟢 Target 🎯🏆 - 4076
⚠️ Stoploss ☠️🚫 - 3763
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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PIIND
PIIND STOCK PRICE ACTION ANALYSISNSE: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:
The weekly demand zone is a strong zone because it took the price to an all-time high.
The price has also broken through a monthly supply zone.
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.
#PIIND... Looking good 30.05.23#PIIND...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
PIIND | Swing Trade📊 Details
PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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PIIND for 15% (approx..) GainPI Industries showing the breakout on monthly this is a weekly chart that is represented check on monthly something is cooking in this today's volume and Delivery is very great.
If this perform, I will update next TARGET,
SL is most important
CMP : 3615
TG : 4100
SL : Below 9 week EMA (or as your knowledge)
R/R : 2 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP. (To view this, click sedg.in)
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. (To view this, click sedg.in)
4: Fundamental : PE, PAT, Industry & peer PE and sector performance. (To view this, click sedg.in)
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
PI Industries- Squeeze BUY!Attached: PIIND Daily Chart as of 21st April 2023
Price has given a Squeeze Release Buy Signal
+ an Inverted Head & Shoulder Breakout Buy Signal as well
Markings on Chart are SELF EXPLANATORY ^
Levels:
Buy at Current Market Price ~ 3189
Stop Loss < 3112
Upside Target= 3400
PIIND Stock Breakout: Buying OpportunityPIIND Long Buying Recommendation (with a fun twist)
Introduction:
Welcome to the most entertaining technical analysis report you'll ever read! This report aims to provide a technical analysis of PIIND stock, and a recommendation for buying the stock in the short term, all while making it fun and easy to understand. The analysis is based on the latest charts and indicators, and is intended for investors and traders who are looking to capitalize on market movements, and want to have a good laugh while doing so.
Background:
PIIND is an Indian Pharmaceutical company. The company's stock is listed on the National Stock Exchange of India (NSE) and is widely followed by investors and traders.
Analysis:
The PIIND stock has been in a range-bound pattern for the past few months, like a game of musical chairs, but recent price action suggests that the stock may be breaking out, like a bottle of soda that's been shaken. The stock has been trading in a range between 3122.00 and 3261.00, and a breakout above 3261.00 could signal a short-term trend reversal, like a snake breaking out of its cage.
The technical indicators are also pointing to a potential buying opportunity, like a golden ticket. The Relative Strength Index ( RSI ) has been trending higher, like a rocket taking off, and is currently at oversold levels, indicating that the market is oversold and may be due for a rebound, like a trampoline. Additionally, the Moving Average Convergence Divergence ( MACD ) histogram has crossed above the zero line, like a finish line, suggesting that the trend is gaining momentum, like a snowball rolling down a hill .
Furthermore, price action on the chart shows that the stock has reached a strong support level , like a safety net, and is showing signs of a potential reversal, like a U-turn , with bullish cand formation, like a smiley face.
Recommendation:
Based on the analysis above, we recommend buying PIIND stock if it crosses 3261.00 levels, with a stop loss of 3122.00 and a target 1 of 3400.00 and target 2 of 3540.00. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market rebounds, like a boomerang.
Disclaimer:
It's essential to keep in mind that the market is highly volatile and unpredictable, like a weather forecast. Therefore, it's recommended to keep a close eye on the price action, like a hawk, and use stop loss and take-profit levels to minimize risk and maximize returns, like a superhero. It's important to conduct your own research and analysis before making any investment decisions, like a detective, and always consult a financial advisor before taking any action, like a lawyer.
Conclusion :
In conclusion, PIIND stock appears to be breaking out of a range-bound pattern, like a prison break, and may be due for a short-term rebound, like a bouncing ball. Technical indicators and price action on the chart also suggest a potential trend reversal, like a mind change. Therefore, buying PIIND stock if it crosses 3261.00 levels with a stop loss of 3122.00 and a target 1 of 3400.00 and target 2 of 3540.00 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term, like a time machine.
PI INDUSTRY - Positional Trade + Keep an Eye📊 Script: PIIND ( PI INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals ( Commodities )
📊 Industry: Pesticides & Agrochemicals
Key highlights: 💡⚡
On basis of Weekly Chart
📈 Script is trading at upper band of Bollinger Bands (BB).
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is forming Cup & Handle pattern on weekly chart as shown into chart.
📈 Script is facing Hurdle at near 3534 level which is also Neckline of Cup & Handle Pattern.
📈 Volume is increasing along with price.
📈 Current RSI is around 64.
📈 One can go for Swing Trade above 3534.
BUY ONLY ABOVE 3534 LEVEL
⏱️ C.M.P 📑💰- 3485
🟢 Target 🎯🏆 - 4000
⚠️ Stoploss ☠️🚫 - 317
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Rarest combination in the current market!Chart -> PI Industries Daily
A beautiful cup and handle with volume have been formed. Stock is now in uncharted territory.
CMP: 3623
Targets: 4100, 4700
Good range: 3450 to 3550
SL: 3230
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
PI Industries Analysis !! Broke Out.📈 PI Industries 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2680 .
On Buy Side I am looking for Targets of 3090, 3338 and 3500.
StopLoss should be kept below 2600-2620 zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#Piindustries on supportNSE:PIIND
as one can all swing trades went well till now again stock arrived at harmonic support.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
check out previous ideas of Piindustries
#PiIndustries breakout trade NSE:PIIND
Another swing entry above 2684.40 sl below same candle low, target 3017.50 on trailing basis.
first entry was at 2450.25 with sl 2295.30 (closing basis).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.