Piindustries
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
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Reiterating Buy Call on PI Industries🤩💸🔥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 Strong💪💪
The company recently posted an Amazing Q3 Result.
.
‼️ The stock is in a long term uptrend however from Sept 2021 it was in a retracement phase. With the recent announcement of the Q3 result which is amazing the stock has witnessed a W pattern Reversal from a crucial level. A strong rally is expected from current levels.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
PIIND inverted H&S breakoutPIIND 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 new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Breakout in P I Industries...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.
Target 1 (8%) achieved in P I Industries. Target 2 is ON...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 consult your financial advisor before taking any trade.
Simple Trade Setup| PI Industries | 30-08-2021NSE: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.
2) On 1 hour time we can see that it has been taking support from the parallel channel. It shows that it will remain in up trend at this moment.
Please refer below chart : 1 hour time frame.
-------------------------------------
Simple Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.