PI INDUSTRY - Positional Trade + Keep an Eye

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

Key highlights: 💡⚡

On basis of Weekly Chart

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

BUY ONLY ABOVE 3534 LEVEL

⏱️ C.M.P 📑💰- 3485
🟢 Target 🎯🏆 - 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.

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Happy learning with trading. Cheers!🥂
Chart PatternscupandhandlepatternTechnical Indicatorskeepaneyenifty500PIINDTrend Analysis

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