PI INDUSTRY - Positional Trade + Keep an Eye

πŸ“Š Script: PIIND ( PI INDUSTRIES LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY 500
πŸ“Š Sector: Chemicals ( Commodities )
πŸ“Š Industry: Pesticides & Agrochemicals

Key highlights: πŸ’‘βš‘

On basis of Weekly Chart

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB).
πŸ“ˆ MACD is giving crossover.
πŸ“ˆ Double Moving Averages also giving crossover.
πŸ“ˆ Script is forming Cup & Handle pattern on weekly chart as shown into chart.
πŸ“ˆ Script is facing Hurdle at near 3534 level which is also Neckline of Cup & Handle Pattern.
πŸ“ˆ Volume is increasing along with price.
πŸ“ˆ Current RSI is around 64.
πŸ“ˆ One can go for Swing Trade above 3534.

BUY ONLY ABOVE 3534 LEVEL

⏱️ C.M.P πŸ“‘πŸ’°- 3485
🟒 Target πŸŽ―πŸ† - 4000
⚠️ Stoploss ☠️🚫 - 317

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingViewπŸ“ˆ RepeatπŸ”

Happy learning with trading. Cheers!πŸ₯‚
Chart PatternscupandhandlepatternTechnical Indicatorskeepaneyenifty500PIINDTrend Analysis

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