The stock already gave a breakdown.
It also crossed 200 EMA.
We will have to wait for the stock to cross the trend line because we have a green Ichimoku cloud support in 1-hour timeframe which might act as support and stock might bounce back.
As i have been bullish for the longest time in the chemical space, another company which could do well in this space. Long above 1550 where it could catch some major momentum for a quick move up. SL 2% below purchase price.
There is breakout in PIIND
There might be some retracement at this all time high level.
Once it crosses its all time high, it can go further up and achieve the target as per show on the chart by Fibonacci tool
PI INDS DAY CHART SUGGEST THE SHAE PRICE IS INTERESTED TO GO FOR NEW HIGHS.
LET THE TRADING BE DONE ABOVE 1230 LEVELS, THEN ENTRY CAN BE DONE WITH A MEDIUM TERM TARGET OF 1400.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
PI Industries Ltd. engages in the manufacture and sale of agro-chemicals. Its products include insecticides, fungicides, and herbicides. It also offers research and development, custom synthesis and manufacturing solutions, and distribution services. The company was founded by P. P. Singhal in 1946 and is headquartered in Gurgaon, India.
PIIND
