PIIND tested weekly 200 dma and formed a base..
also it is holding 200 daily moving average..
it has moved sideways for a while now on weekly charts and hasnt been much affected by markets..and held important support
might start to move up..
NOTE: this is my personal view only.. please do due diligence before tradin/investing
The stock is trying for a breakout and is testing the previous resistance.
But it is currently in overbought zone. So expecting a mild pull back to support around 880 levels.
It can be a good investment stock at that level to long
Buy Range : CMP or at (price range 760-770)
Targets : 805-830-860
Stoploss : Below 720
Witnessed a breakout from a Falling channel consolidation (Black parallel lines), in previous trading session with sharp surge in volumes.
Oscillator turns positive & heading upwards. 14-RSI is coming out of oversold zone giving break above its own trendline.
PI Industries Ltd:814 is a good stock in Agrochemicals like Bayer,
to have in one’s portfolio. Target 1200 in an year.
support: 787 (A shabby movement in doesn't allow to give a closer Stop Loss)
Assumes that we are in 3 of (5). There are many
internal waves in wave (5), seem to have an extension
in wave (5). Currently we are in sub wave ,
moving in a complex ...