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PI INDUSTRIES LTDPI INDUSTRIES LTDPI INDUSTRIES LTD

PI INDUSTRIES LTD

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PIIND trade ideas

PI INDUSTRIES good to buy?The daily chart of PI INDUSTRIES shows that the stock is in wave 4 of an impulse. Wave 3 is a terminal impulse in this case as it is less than 161.8% (see fib extension in green). And as per the rule, wave 4 of any terminal impulse can overlap with wave 1. Also, wave 4 can retrace to 50%. We have done detailed counting, and we can see that the price is near 50% of the fib retracement of the impulse. At this level, we can see wave C of wave 4 is standing at 127% extension. It is possible that the price can fall a little further up to 161.8% extension. (See fib extension in blue). The conclusion is that an aggressive trader can enter between the zone of 50% (see in black) fib retracement and 161.8% (see in blue) fib extension. For conservative entry, one can wait for the price to break and sustain above 38.2% (see in black). The stoploss for both entries will be below 61.8% (see in red). This is quite logical because wave 4 will never close below 61.8% Meaning, the 61.8% level is an invalidation point for all this counting and the price will fall further if it breaks 61.8% This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only. This is not any buying recommendation. Please always do your research before taking any trade.
NSE:PIINDLong
by theprofityogi
PIIND - TOP IS done?PIIND: CMP 4570 It appears that the TOP is done.. 5 wave impulse from 2014 lows of 130 levels seems to be over now.. Chart is attached with counts for easy understanding. On daily, diagonal is visible.. MACD crossover seen on Weekly TF with Double top/Divergence On daily, Harmonic Pattern could potentially play out as copied below.. Views are personal and for learning purpose only and not a BUY/SELL recommendation. I am not SEBI Registered.. Please consult your Financial Advisor for investment decision
NSE:PIINDShort
by Murthy_Santhosh
1
PI Industries Ltd. (NSE)- STOCK ANALYSIS Conclusion: The stock shows a potential breakout, but the negative volume suggests caution. If it sustains above ₹4,617.25, the next target can be ₹4,769. However, any failure to hold this level could push the price back toward ₹4,321. Monitor volume and price action for clearer confirmation of the trend. Key Observations: Current Price: ₹4,617.25 Recent Movement: There was a 5.12% upward movement (₹238.45), indicating a potential bullish breakout. Before this upward movement, the stock experienced a 6.75% decline (₹309.60) in price. Possible Scenarios: Bullish Target: Based on the upward movement, the next target can be around ₹4,769, as indicated by the height of the previous breakout. Bearish Scenario: If the price fails to sustain above the recent levels, it could face a decline of 6.44% (₹296.15), bringing it down to around ₹4,321. Volume Analysis: CVD (Cumulative Volume Delta): Negative values are visible in the recent volume activity, suggesting selling pressure, which could impact the next price direction. It's essential to watch how the volume behaves around these price levels for any major reversal or continuation signal.
NSE:PIINDLong
by shivtoshiva2022
PI Industries (PIIND) almost touches our predicted level!Sep 3, 2024 On July 31, 2024, we published the expected destination of Wave 3 of PIIND, which was around the 200% Fib level. The chart below shows our previous analysis of PIIND. On Sep 3, 2024, PIIND hit a high of Rs 4630. With this it seems that both Wave 3 and Wave 5 are over, and it is time for a short correction. Once again, we got the levels almost right. PIIND came within a whisker of our projected level. Don't miss out on the biggest breaks! Follow our Ideas to stay ahead of the game. Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:PIIND
by WaveMoku
In PI Industries (PIIND), where is Wave 3 expected to reach?After the Covid crash, PIIND has completed Waves 1 and 2 as per Elliott wave. Right now, it is in Wave 3, and in uptrend. However, Wave 3 is not forming the usual 1,2,3,4,5 pattern. Instead, it is going up as a corrective wave in the form of triangles. We can see that the time between waves is almost equal (a minor difference of 4-5 bars) Applying Fibonacci extension, the current uptrend is expected to touch Fib level 200%, after which we may see a fall, which will complete the current triangle. Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions. We look forward to engaging with all those who follow our ideas on Tradingview. Share with us your thoughts through the comment section.
NSE:PIIND
by WaveMoku
1
Amazing breakout on Weekly TF - PIINDCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-) Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:PIINDLong
by Yoyohoneysingh93