Details:
Asset: PI Industries Ltd (PIIND)
Breakout Level: 3840
Potential Targets: 4000, 4500, 4700
Stop Loss: 3740
Timeframe: Short to Medium Term
Rationale: PIIND has broken out from a well-defined ascending channel on the daily chart. The breakout above 3840 is supported by strong volume and bullish price action.
Market Analysis:
Technical Setup: Sustained breakout from the channel with follow-through buying indicates strength.
Sector Trend: Agrochemical stocks are witnessing renewed interest due to strong demand and monsoon expectations.
Risk Management:
Stop loss at 3740 to protect against false breakout or trend reversal.
Risk-Reward Ratio:
Favorable, offering a potential return of 1:2.5 or more based on targets.
Watch for strong daily closes above 3840 and increasing volume for confirmation of trend continuation.
Asset: PI Industries Ltd (PIIND)
Breakout Level: 3840
Potential Targets: 4000, 4500, 4700
Stop Loss: 3740
Timeframe: Short to Medium Term
Rationale: PIIND has broken out from a well-defined ascending channel on the daily chart. The breakout above 3840 is supported by strong volume and bullish price action.
Market Analysis:
Technical Setup: Sustained breakout from the channel with follow-through buying indicates strength.
Sector Trend: Agrochemical stocks are witnessing renewed interest due to strong demand and monsoon expectations.
Risk Management:
Stop loss at 3740 to protect against false breakout or trend reversal.
Risk-Reward Ratio:
Favorable, offering a potential return of 1:2.5 or more based on targets.
Watch for strong daily closes above 3840 and increasing volume for confirmation of trend continuation.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。