PIIND trade ideas
Post mortem of my Intraday Trade.Daily structure.
Narrow range & inside bars with lower volumes.
Simple consolidation & breakout in first 15 min itself.
Identified around 9.30 AM to 9.45 AM.
First mistake is entry away form moving average at 3077
Ideal is to enter near moving averages to get good risk reward & chances of stop loss triggering are less.
First target was around 3150 to 3160.
Looking at the momentum and breakout decided to trial stop loss once it clears the 3150-3160 cluster.
Second target around 3200 achieved.
So decided to trail stop loss to first target & this was the second mistake that kicked me out of the trade.
Then there after gave the next target near to end of the day.
Here's the screenshot of entry and exit.
drive.google.com
No one knows how many targets will be achieved in a day. Based on circumstances you need to decide the whether to exit or trail.
Here the momentum was very much strong as indicated by volumes. Stock was hovering near all time high also.
Hope you learn from my mistakes!
PIIND - Pull Back TimePIIND - @ it's CMP of 2993, looks apt for a pull back for a target of 3090 with SL @ 2940.
PI Industries Looks weak !A bearish candle has been formed in D chart.
RSI bearish. Sell on rise.
Sell near 3140 lvl.
TGT may be 3002/2961/2876
Sl 3166
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
PIIND PIIND (D):- 3162 CMP,LOOKS GOOD FOR MORE UPISDE :)
1) BREAKOUT DONE :)
2) VOLUME BREAKOUT DONE
PIIND (Triangle breakout with Volume) Can be a good swing trade.PI Industries gave a good strong breakout of a symmetrical triangle pattern, with good volume and RSI is also strong.
Pi Industries - Rising Wedge Breakout ViewPi Industries : Positional
Rising Wedge Breakout Done
Long above 3038
Support at 2960 and 2900
Pi Industries - Range BreakoutPi Industries :
Range Breakout Done, Need to sustain
Long above 3056 with SL 3005
#PIIND Bullish Breakout in 1D and 1W Time Frame for Swing TradinBull-flag pattern can be spotted on the daily time frame.
A price breakout supported by humongous volumes can be seen on the chart today
With an appropriate SL one can expect price moves upto ~3500 level.
PI Industries - Channel breakoutPI 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 is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Rectangle Pattern Breakout Buy above 2680
Target 3000
SL: 2400
Risk is yours and Reward is too yours totally
PIIND is about to Give breakoutPIIND is about to Give breakout.
If it breaks All time high level 2930, one can go long.
PI Industries Ltd Target 1-2850, 2-3200
great earnings, Amid challenges owing to Covid-19 and related uncertainties, the
company is confident of achieving >15% growth in FY22
Keep in watchlistStaying above support line will be take stock to another high.. weekly and monthly timeframe is in very strong positive trend
