PI Industries - Swing Trade - Support of 50EMA
The purpose of this analysis is mainly to give an idea for swing trades to beginners.
The stock gives easy 20% after every dip & support of 50EMA (as can be seen in image itself).
Some plus points with the stock -
Almost Debt Free; Highest ever Net Profit & Net Cash flow and FIIs have increased their shareholding (Sept 2020).
The stock is among the leaders of its sector.
For details, check previous analysis of JKCEMENT. Analysis is linked below.
P.S - Always take care of your position sizing in any trade. Never put more than 10% of your initial capital in any one stock.
Feel Free to comment for any query on this idea or regarding price action analysis.
Also, checkout other similar stocks. One can comment their names below as well.
The stock gives easy 20% after every dip & support of 50EMA (as can be seen in image itself).
Some plus points with the stock -
Almost Debt Free; Highest ever Net Profit & Net Cash flow and FIIs have increased their shareholding (Sept 2020).
The stock is among the leaders of its sector.
For details, check previous analysis of JKCEMENT. Analysis is linked below.
P.S - Always take care of your position sizing in any trade. Never put more than 10% of your initial capital in any one stock.
Feel Free to comment for any query on this idea or regarding price action analysis.
Also, checkout other similar stocks. One can comment their names below as well.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.