Long PI IND01/01/2021 Long @ 2271.80 SL 2140 Value: Price @ Supply Zone, Price Crosses 20 & 50 EMA Contraction, RSI reversed from 40 Trigger: Bullish Candle breakout Descending Channel, Price 3% up, Price close > Last week close RS > 0, possible descending channel breakout Weekly Candle, Hammer Longby Jinal_ContractorUpdated 112
PI Industries - Swing Trade - Support of 50EMAThe 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. Longby AdityaKarn90555
PI Industries - Short & Mid term swing Funada mental view ========================= PI Industries has a unique and non-conflicting business model, which is strengthened with …global innovators. • The company presence is driven by strategic partnerships. It has invaluable relationships with 20+ …global innovators and it is built on IP protection. • ~90% of CSM revenue is derived from patented molecules and more than 60% of domestic revenue …comes from in-licensed molecules. • The agrochemical is now diversified with pharma foray and has scaled up. • PI Industries has a promising opportunity landscape as the global specialty chemicals market is expected to grow at 5.4% CAGR between 2019 and 2024; global supply chain diversification and M&A activities to aid specialized CSM players. • PI Industries can vouch for its strong assets. It has an invaluable team of ~300 researchers and scientists, 5 formulation facilities, globally certified technologies, a tech-enabled distribution network, and relationships with over 2.5 million farmers. • Lastly, it has a track record of being consistent with Revenue CAGR (10 years) of 17.68% Technical View ========================== Stock is trading on their harmonic prz and the trend line support. As per stock behavior, a high probability bounces from their support. buy from 2100 SL: 1900 Target: 2450/2700/3000by CodeViser2
Long PI IndPI Industries is on the verge breakout. Near ATH. It has tried to break 2080 4 times in last 2 months. Increasing candles are showing strength and volume. RSI is also showing strength. Idea is to buy PI Industry only after daily closing above 2080. You can wait for SL 1965 on weekly closing basis. Target as per Fibonacci extension. NSE:PIINDLongby Omkar_170
Pi IndustriesA very good stock which might breakout as the volumes are suggesting that people are ready to buy now even at higher levels. If you will look at price action it will reflects a series of Higher Lows. Support taken at longer term trendline and halting near its higher levels can be a good signal too. Keep an eye folks it might be a good bet. Happy Trading.Longby LearnersParadise9
PIIND- Bouncing from trend line- watchlist PIIND- Bouncing from trend line- watchlist Longby Sujay_Trend_Trader1
PI INDUSTRIES | BULL TRADE SETUPPI Industries is into manufacturing of Agro chemicals. With Agri sector emerging as only COVID resilient sector the stock breaking out above previous ATH warrants attention. The stock seems to be on a strong upward momentum with next potential target at around 1825. The stock seems to be a good buy around 20 period Moving Average (hourly time frame) at about 1724 with a stop below 1672 (hourly closing basis) for a target of 1825.Longby covaitraders12
Positional Call : Buy PI Industries Ltd.NSE:PIIND is just made new all time high. Stock is moving into new territory. Clear Breakout on Daily, Weekly & Monthly charts. We are strongly recommending Buy around 1630-1640 levels with Stop loss below 1520 on closing basic with Target of 1850 in next 12-15 weeks.Longby diteshnarang4
India's Leading Stocks (PI Industries) Running Out Of Steam?In addition to seeing the weakest sectors in India breaking to new lows, we’re witnessing some of its leading stocks run out of steam over the short-term. Here’s PI Industries failing to get above resistance near 1,585 and slowly beginning to roll over again. Notice momentum failed to reach overbought territory as well. And there are plenty of other leading stocks out there exhibiting these conditions. In our blog post linked below we take a look at several charts that suggest further weakness in Equities around the globe could be ahead. by AllstarchartsINDIA5
Beneficiary from Corona virus. Added around 15401. Long wicks at the Daily time frame. 2. Bounce back from 100ema price multiple times. 3. Fundamentally strong chemical stock. 4. Major beneficiary from the corona virus. Another stock I know is Deepak Nitrite and which is zooming like no tomorrow. Longby agamedes1
PI Industries - Will it test 50 EMA againPI Industries whenever below the RSI support line has bounced back after few days or weeks back and again traded beyond 50 EMA...! Is it one more attempting to touch 50 EMA Next 2 sessions if it attempts and touches 50 EMA, better to wait for a bounce to take a trade. Educationby prameshp0