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PI INDUSTRIES LTD

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PIIND trade ideas

PIIND Long TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:PIINDLong
by OptionCallPro
PIIND : at Interesting Risk and Reward1. Key Analysis and Levels Wave 4 (Primary) Zone (₹3981-₹4295): The price is currently in the Wave 4 corrective zone, as per Elliott Wave Theory. This zone is critical for determining whether the upward trend will resume ( Wave 5 ) or break down further. Wave C (Minor) Completion Zone: Represents the lower boundary of the current corrective structure. A bullish reversal is possible here if demand sustains. Target at Wave 5 (₹4922-₹5041): If the upward trend resumes, this is the extended retracement of Wave 3, and the logical profit zone for bulls. Stop Loss Level (₹3980): Positioned just below the Wave 4 corrective zone to manage downside risk. 2. Trade Setup A. Long Trade Setup: Why Long? The price is at a critical support area within Wave 4, where buyers might step in. Potential for continuation of the uptrend to form Wave 5. Entry: Between ₹4000-₹4100, after observing bullish reversal signals (e.g., bullish candlesticks, volume surge). Stop Loss: ₹3980, slightly below the Wave C completion zone. Targets: ₹4700: Intermediate target at prior swing resistance. ₹4922-₹5041: Final target at Wave 5 extension. B. Short Trade Setup (If Support Fails): Why Short? A breakdown below ₹3980 would invalidate the Wave 4 support zone, signaling further downside. Bearish continuation could lead to lower Fibonacci levels or prior demand zones. Entry: Below ₹3980 after confirmation of breakdown with volume. Targets: ₹3700: Immediate support level. ₹3250-₹3300: Major demand zone from previous Wave 2. Stop Loss: ₹4080 to limit risk on false breakdowns. 3. Explanation of Analysis Wave 4 Correction: Wave 4 is typically a corrective phase after a strong Wave 3 impulse. It often tests Fibonacci retracement zones ( ₹3981-₹4295 ). Wave 5 Target: If the uptrend resumes, Wave 5 is expected to extend to 113%-127% of Wave 3’s range ( ₹4922-₹5041 ). Bearish Scenario: Failure to hold Wave 4 corrective support would signal deeper correction, potentially targeting previous Wave 2 levels. 4. Confirmation Signals For Long Entry: Price stability within ₹3981-₹4295 and bullish reversal patterns like hammer candles or bullish divergence (e.g., RSI). Break above ₹4300 confirms Wave 4 completion. For Short Entry: Decisive breakdown below ₹3980 with strong bearish momentum (e.g., large red candle, volume spike). 5. Risk Management Risk limited to 1-2% of trading capital per trade. Use partial profit booking at intermediate targets (e.g., ₹4700) and move stop-loss to breakeven. Why This Plan Works This strategy leverages Elliott Wave Theory to anticipate high-probability reversal or continuation scenarios. It accounts for both bullish and bearish outcomes, ensuring a structured approach to risk and reward. The key levels and confirmation signals allow for timely and informed decision-making.
NSE:PIINDLong
by LiveTradingBox
PIIND S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:PIIND
by zenthosh
20% Upside Potential idea 🔥 - PI Industries🔥 20% Upside Potential idea - PI Industires This Trade Ideas is a type of Equity Investment which is designed to give you 10% to 20% return in short-term via #Equity #Investment. ✅ Stock Name - NSE:PIIND Trade Process :- ✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers ✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart). ✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1. ✅ - Keep Trailing the SL as Stock Price moves to next Targets. Thanks
NSE:PIINDLong
by Nivesh_Labs