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.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting...
I provide daily technical analysis videos and starting today will try to give more knowledge through these posts too
-> Chart is self-explanatory and easy to understand
Looking for buying after completion of (Y) Blue 3 wave correction @ 2753 as it is very likely to bounce from this level and complete atleast 100% retracement upto 3095 to reach ((C)) black
Stop Loss : 2620
Risk Reward: 2.57
Pole & FLag Pattern BO seen in NSE:PIIND
after sustainable BO stock can head to 3775-3800 (Pole Height)
Stop Loss should be below BO candle.
Positional Trade.
**EDUCATIONAL PURPOSE
PIIND
1. last weekly rereacement price move
2, day chart ready to big player entry construced price side movement
3. expect to mention target
4, every break go to up move price confimation all time target level
PI IND has given a triangle breakout and seems to be following a good momentum. stoploss can be placed on either of the two red lines. targets are marked on the screen
This is follow-up on P I Industries. Can check link to related ideas.
Target 1 achieved. More than 8%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
NSE:PIIND
Observations:
1) On Daily time frame it has been taking support from 21DMA and trading above 21DMA and now it is near to it's critical resistance level of 3200. On breaout of it, there will be good up move, but if it faces resistance from it then it will be again down move.
Please refer below chart : daily time frame. ...
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
