Buy above high of breakout candle at 3500.05 stoploss at 3383.8
Not having any view personally will wait for confirmation based on 1H candle close. Please check my profile and follow me for more such chart analysis.
PIIND gave good breakout of W pattern (double bottom). we can plan for buy above 3432 SL 3377 Target 3499,3632,3805 with risk to reward ratio being 1: 2 to 1:8
Gap up break out in triangle consolidation. Price is bullish as long as it stays above 3350. Expecting the price to reach 3500, 3620 and 3700. Buy and stop you can decide on your own. This is not a recommendation to buy/sell. Do your own analysis.
Clearly broke from the triangle pattern. Ps: Do your own research Drop in your doubts in comments section
triangle pattern opened gap up 3200 i will be looking for long opportunity till there should be time correction just for educational purpose
Attached: PIIND Daily Live Market Chart 26th April 2023 SELF EXPLANATORY: Lower Highs and Lower Lows Head & Shoulder TOP with Necklines Targets marked as well SELL at Current Market Price Note: Had a Long View of PIIND before but now it is a Flip from Long to Short
Attached: PIIND Daily Chart as of 21st April 2023 Price has given a Squeeze Release Buy Signal + an Inverted Head & Shoulder Breakout Buy Signal as well Markings on Chart are SELF EXPLANATORY ^ Levels: Buy at Current Market Price ~ 3189 Stop Loss < 3112 Upside Target= 3400
PIIND , DOUBLE TOP _ HEAD & SHOULDER PATTERNS. Observed double top in monthly time frame Head & Shoulder pattern in weekly and Daily time frame. My view drawn on chart. Currently trading on support area need to break with good volume and then wait for a retracement. Entry after rejection.
There is a possible breakdown of H & S pattern in coming weeks unless it gives a closing above 3300 on WCB. Pattern target is 2300 - 2400 levels which is also a confluence of 200 WMA and AVWAP drawn from Oct 2018 lows. Target levels were tested twice earlier in Jan and May 2022.
PIIND near major support and positive RSI divergence For short : (This is only for option traders, please trade with proper hedging ) close below 2907 on a daily time frame might fall more! One can take positional trade(Futures & Options) . SL @2991 on closing basis, TGT1 : 2816, TGT2 : 2709 Note : It's your hard earned money always trade with SL, I'm just...
PIIND seems to have formed a Head n Shoulder pattern and given breakdown today. Target is coming to 2300 levels which is 20% downside from current levels. SL: Daily candle close above 3000 levels.
Pi Industries Cmp 3016 dated 13-3-2023 1. Head & Shoulder Pattern on chart. 2. Breakdown of the Pattern already done @ 3030 3. RSI breakdown Sell @ Cmp 2950-2900-2860-2750 SL 3125 It is just a view, please trade at your own risk.
PIIND buy above yesterday's high @ 3415 . Target -3500,3600,3700,3800,3900 3500 CE buy along with 3600CE sell for conservative trader for aggressive trader 3400 CE buy 3500 CE sell Point to be noted:-if open huge gap up then avoid this trade
SL- 2935 PB- 3400 / 3450 Risk to Rewards our Favorable this area
PIIND giving C&H breakout 2 days back to back good volume target can be 3550 educatinal idea only