📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel
📌 Symbol/Asset: PIIND
🔍 Description: Stock is in a rising channel and its around the support area. Stock might bounce from here is support is respected !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle....
In the Weekly Chart of PIIND ,
we can see that, it has created a Bullish Hammer on Trendline after its breakout.
Enter on breaking Candle's High with low as SL.
PIIND on daily chart has formed harmonic pattern and has potential for bullish run now.
Stop Loss on closing basis - 2899
Target 1 - 3289
Target 2 - 3630
Target 3 - 3698
If target 3 is achieved then 4051 is next target after retracement.
INTRADAY / SWING TRADE
PI IND Looking good for Downside..
When it break level 3622 and sustain.. it will go Downside...
SELL @3622
Target
1st 3594
2ND 3558
PIIND AUG FUT – 6 LOT (Qty-1500)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
TRADERS HOLD SWING TRADE FOR LONG TARGET
PI Inds Cmp 3631 dated 14-7-2023
1. Reversed from support line.
2. RSI divergence
3. Good RRR
Buy above 3640 tgt 3675-3750-3800-3850 SL 3580
It is just a view, please trade at your own risk.
In 15 Min Time frame. PIIND has given breakout from a range.
20 EMA Support is also there.
Plan for 1:3 Target.
After that trail SL for higher targets.
#PIIND...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
📊 Details
PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered...
...............trgts 3830-3944-4130........................
Poised to register a Bullish breakout.........
Bull flag setup.................
Likely to attain new highs..............
PI Industries NEXT SET up - breakout
look interesting for breakout at current triangle cmp 3612
follow up action will there for 3700
range will be activated
NSE:PIIND
PI Industries according to me is an investment grade stock and it has confirmed its breakout after showing a bit of scare last week. Hold for long term, Stop Loss can be at 3630.
PI IND made a high of 3785 and then it went down, based on the Fibonacci Retracements the price took good support on 38.1 and 50% and now it has broken out of a rectangular box and seen to be reaching to 1.43% at price point of 4300-4400
Stock is really good for long term, recently it has done the acquisitions in the pharma API and intermediates business, it will be earnings and value-accretive.
PI Industries (PIIND; CMP: Rs 3,066; Market Cap: Rs 46,512 crore), a leading player in the global CSM (custom synthesis manufacturing) export business, announced on April 27, 2023, that some of its...
The stock has cleared its horizontal resistance level of 3535 decisively, suggesting continuation of longer term up-move.
The breakout has come after a significant time (9 months) spent below 3535. Usually, this suggests that the rally now could be strong.
Bullish outlook remains valid as long as price sustains 3500.
