PIIND trade ideas
PI Industries Out Of Falling ChannelBuy Range : CMP or at (price range 760-770)
Targets : 805-830-860
Stoploss : Below 720
Rationale :
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.
Slow stochastic has generated a buy entry
PI Industries Ltd:814. Target 1200 in an year.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 way. On completion of PIIND
will move to new high. A trade below 693 will negate this count.
The sector having a slow move will affect a bit.
PI INDUSTRIES. An ascending triangle formation is seen on daily charts. A breakout above the upper trendline will give TGT of Rs 1000. SL a little deep at 830.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
PI INDUSTRIESPIIND looking good on chart now pi also want to come in 4 digit stock with sl 800 tgt 1100-1300
