PI INDUSTRIESFocus PI industries makkale, W pattern formed wait for confirmation then enter the trade. As i always say whatever we do must follow risk reward and money management rules.
PIIND trade ideas
PI Industries CMP 2953 dated 15-7-2022PI Industries CMP 2953 dated 15-7-2022
1. Channel Break Out @ 2965
Buy for a tgt 3100-3250 SL 2850
It is just a view, pls trade at your own risk.
PI industries BullishPI industries seems strong weekly closing and daily breakout leads rally may continue further
concentrate
if price sustain above 2953 in 4hrs
Flag Pattern Breakout.. Flag Pattern Breakout In PI Industry... Possible To Strong Upmove In Stock..
Note: I Am Not A Sebi Registered Plz Trade Or Invest On You're Own Analysis..
Happy Trading.. ☺
About to breakoutAbout to breakout the trendline weekly. Best time to investment and average when its down on daily timeframe when RSI 3 below 20.
#PIINDCompression on hourly chart
Closed well above the Open
Crossing 2608 opens the gate towards 2728
BO1 active and Retested
PI Industries Analysis !! Broke Out.📈 PI Industries 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2680 .
On Buy Side I am looking for Targets of 3090, 3338 and 3500.
StopLoss should be kept below 2600-2620 zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#Piindustries on supportNSE:PIIND
as one can all swing trades went well till now again stock arrived at harmonic support.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
check out previous ideas of Piindustries
[POSITIONAL] PIIND LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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#PiIndustries breakout trade NSE:PIIND
Another swing entry above 2684.40 sl below same candle low, target 3017.50 on trailing basis.
first entry was at 2450.25 with sl 2295.30 (closing basis).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
PIIND - Weekend Analysis - Short term breakoutPossible Trades
- Enter between 2820 and look for target of 3005 / 3320
- Risky trade 1:2 Ratio
Thanks
- Stock Explorers
PI INDUSTRIES - Bull Flag + Descending Channel Breakout - Swing The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
PIIND - looks a good long candidate (Breakout)Double bottom on support
Resistance retest
and now trendline breakout
PI Industries look to have a potential to move further
Above 2860 can shoot up!
PI INDUSTRIES : W Pattern BOMoving in tight range after W Pattern BO
TGT - 3100 &3300+(Positional)
SL - 2600
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPI INDUSTRIES
Stock taking support at trendline 4 times and also formed double bottom base pattern
Now Stock trading again at trendline resistance levels with support from 200DMA
Buy above 2860 levels for positional targets of 2950/3000/3030 levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Watchout for trendline breakoutPI Industries is trying to give a trendline breakout - gave a fakeout 3 days back and then has taken support on 200 EMA.
Buy above 2860 level (on closing basis) for positional target of 3035.
Learn & Earn,
Dr. Tanya Kumar
PI INDUSTRIESWedge Pattern formation in Pi Industries on a daliy tf. targets and sl are mentioned on the chart kindly wait for strong breakout if not then just leave this trade and look for some new oppourtunity thank you and happy Investing mates :)
PIIND has broken a resistance which was acting as support beforeI will buy PIIND because :
The price is has broken resistance
broken a resistance which was acting as support before
The price is now at support the resistance may act as SUPPORT.
Entry : 2815
Target : 3100/3400
Stop loss : 2610
PI IndustriesBreakout from the trend concentrate if price trades above previous high.
Target 2969.90/3135.30/3331.35
NIFTY 50 LOOK AHEAD WITH SECTORAL INDICES Nifty 50 lookahead with sectoral indices.
Nifty seem to be strongly bullish with similar signal from other sectoral indices including small and mid caps
Reiterating Buy Call on PI Industries🤩💸🔥Buy PI Industries for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Key triggers for future price-performance:
1) Strong order backlog in CSM bodes well for future growth.
2) Foray into pharma CDMO expands revenue visibility further.
3) Improvement in the operational performance to aid return ratios.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock is in a long term uptrend however from Sept 2021 it was in a retracement phase. With the recent announcement of the Q3 result which is amazing the stock has witnessed a W pattern Reversal from a crucial level. A strong rally is expected from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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