PIIND Long Buying Recommendation (with a fun twist)
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...
PIIND:- trying to breakout from conjunction point. found cup and handle pattern.
if break the resistance level go for long
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 :)
Chart -> PI Industries Daily
A beautiful cup and handle with volume have been formed. Stock is now in uncharted territory.
Targets: 4100, 4700
Good range: 3450 to 3550
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 📉
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...
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...
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...
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...
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
Above levels are for education purposes only
Do your own analysis before taking any trade
Buy PI Industries for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
💡Key triggers for future price-performance:
1) Strong order backlog in CSM bodes well for future growth.
2) Foray into pharma CDMO expands revenue visibility further.
3) Improvement in the operational performance to aid return ratios.
✔️ Technically & Fundamentally...
PIIND is on the verge of breakout from an inverted head and shoulder pattern, either it can be a momentum trade or you can go long for a swing high
Buy above - 3025
Targets mentioned in the chart above.
Keep your stoploss intact if it does change into a fakeout due to weak market.
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