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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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。