Friday, 16 October 2020

PI INDUSTRIES TECHNICAL ANALYSIS-1

 PI  INDUSTRIES

This chart shows the breakout of one hour candle, which can be traded for swing trading(3-10)days.

                              


As you can see in this chart the large white line is acting as a resistance for this stock and the same becomes the support for it after breakout.

                               

(R=resistance   S=support)👆

The low of this stock as on 15th October 2020 is 2009rs can be taken as stoploss. The high point of this stock on 7th August 2020 can be taken as target which was 2155.



(Disclaimer:- The stock posted here is only for educational purposes. Make your own decisions before making any positions in it)

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RELIANCE INDUSTRIES TECHNICAL ANALYSIS

  ✍The Reliance industries Ltd has give positive breakout above the resistance level.  ✍As seen in the above image the range goes on narrow ...