📊 PI Industries Ltd – Trend Reversal & Breakout Setup
The stock is showing a strong reversal from downtrend with fresh bullish momentum building after a base formation.
🔎 Technical Observations:
• Prior downtrend followed by consolidation
• Strong reversal with bullish candles
• Formation of higher lows indicating accumulation
• Breakout above short-term resistance
• Momentum indicators turning positive
🔑 Key Levels to Watch:
• Immediate Support: ₹3,050 – ₹3,000
• Major Support: ₹2,950 – ₹2,900
• Immediate Resistance: ₹3,120 – ₹3,200
🚀 Upside Targets:
• ₹3,300
• ₹3,450
• ₹3,600+
📉 Risk Scenario:
Breakdown below ₹3,000 may weaken the bullish structure and lead to downside towards ₹2,900
📈 Trading View:
👉 Stock is showing early signs of trend reversal
👉 Sustained move above ₹3,200 can trigger strong upside rally
👉 Overall bias remains bullish above key support
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊
PI Industries Ltd – Trend Reversal & Breakout Setup
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