PI Industries gave a good strong breakout of a symmetrical triangle pattern, with good volume and RSI is also strong.
PI Industries had a clear breakout from its channel pattern, so give an entry with appropriate Stop loss 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement...
PIIND is about to Give breakout. If it breaks All time high level 2930, one can go long.
Buy PIIND Closing Price - 2609.2 SL - 2480 (DCB) Target - 3000
Good triangle setup, can give breakout.
Note: This is for educational purpose only. There seems to be a bullish breakout from descending triangle and there seems to be a Bullish Engulfing at resistance turned support. Similar bullish breakout seems to be in RSI as well.
PIIND has already given a breakout and can be traded above 197 tomorrow. A good 1% target is expected.
Rise after taking support. Be cautious - Low risk - High reward.
Inverted Head and Shoulder pattern. Consolidation at the neck.
PIIND at major resistance. Look for any reversal candle sticks pattern for shorting opportunity Levels mentioned on chart