PI INDUSTRIES | LOOKING A GOOD BUYAfter a sharp fall on 12th December, PI Industries is consolidating and trying to take support near it's demand zone, if sustains above 3270 it can again go towards 3850 odd levels.
Buy trade can be triggered near demand zone for the targets marked with green line on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Piindustries
PIIND : A good swing trade idea Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: PIIND
🔍 Description: Stock is around the support.
Stock has some news and stock is down 15% in just 2 days
We can see bounce from 3100-3300 because we have heiken ashi support also around the same level.
One can get simply 25-30% returns in just few weeks !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
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.
PIINDPIIND:- trying to breakout from conjunction point. found cup and handle pattern.
if break the resistance level go for long
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning
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.
PI INDUSTRIES - Bull Flag + Descending Channel Breakout - Swing The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPI INDUSTRIES
Stock taking support at trendline 4 times and also formed double bottom base pattern
Now Stock trading again at trendline resistance levels with support from 200DMA
Buy above 2860 levels for positional targets of 2950/3000/3030 levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade