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PI INDUSTRIES LTD

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PIIND trade ideas

PIINDS TGT 4300 BUY ZONE 3400-3500/ BUY ON DIPSPI Industries Ltd. is an interesting chart with following 1. Price moving in a rising channel and consolidating since July 2022 2. Multiple Supports at 3460-3500 zone 3. 20 Day SMA support at 3470; 50 EMA daily support at 3490 4. 50 day EMA weekly support at 3474, 20 months SMA support at 3410 levels ABCD Pattern under formation on weekly chart with Narrowing Bollinger Bands. MOVING AVERAGE CROSSOVERS 5. 20 SMA crossed 50 SMA from below 6. 50 EMA crossed 200 EMA from below 7. Price making higher highs for last three weeks 8. Rising Returns on equity ; Rising Returns on capital Employed A Stock to keep in watch list to buy on dips at supports as channel high near 4300 can be a good target. Caution: Stock is in long consolidation since 2022 and can remain sideways as it is under performing the index and sector for a long time. Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:PIINDLong
by purisonshuf
Double Bottom Neckline Breakout Soon - PIIND📊 Script: PIIND 📊 Sector: Chemicals 📊 Industry: Chemicals Key highlights: 💡⚡ 📈 Script is trading near neckline of Double bottom patter, we may see breakout of it. 📈 Breakout is above 3891 level. 📈 One can go for Swing Trade only candle closing above 3891 level. BUY ABOVE ONLY - 3891 ⏱️ C.M.P 📑💰- 3867 🟢 Target 🎯🏆 - 4076 ⚠️ Stoploss ☠️🚫 - 3763 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:PIINDLong
by radha_23
PIIND STOCK PRICE ACTION ANALYSISNSE:PIIND I was expecting the price of this stock to reach the monthly demand zone. However, looking at the candles, it doesn't seem like the price will go down any further. Here are my reasons: The weekly demand zone is a strong zone because it took the price to an all-time high. The price has also broken through a monthly supply zone. The price is currently at the EMA20 support level. I always follow the EMA20 and I think the price can go up from here. It would be even better if the price reached the monthly demand zone. The supply zone above could react off the wall and come into our supply zone. Let's see what happens.
NSE:PIINDLong
by investingedge1s
PIIND : Booked a profit of 7.95% on the invested capitalThe overall market appears to be overvalued from a technical standpoint, suggesting a high probability of a sell-off across the market. Upon reviewing previous price action, it's evident that the market hasn't rallied significantly after consolidating pattern formations, similar to the one we're experiencing presently. Although I anticipate a 9.74% move from current price levels to the all-time high, I've opted to book profits at the current levels, securing a profit of 7.95% on the invested capital. Profit booking opportunities in the Indian market this month have been scarce, given the overall market's sell mode. Despite heavily entering positions across sectors, I believe it's prudent to take some chips off the table, particularly in a scenario like this, where the overall market shows signs of technical weakness. Furthermore, the stock is trading at a higher valuation fundamentally, providing further justification for profit booking. I'll be monitoring for a re-entry opportunity if the price falls back to the low of the higher timeframe channel. Feel free to follow me for updates on my positions and market insights. Additionally, I welcome your feedback and opinions in the comments section below this post. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:PIINDShort
by Sniper-Traders