The purpose of this analysis is mainly to give an idea for swing trades to beginners. The stock gives easy 20% after every dip & support of 50EMA (as can be seen in image itself). Some plus points with the stock - Almost Debt Free; Highest ever Net Profit & Net Cash flow and FIIs have increased their shareholding (Sept 2020). The stock is among the leaders of...
Funada mental view ========================= PI Industries has a unique and non-conflicting business model, which is strengthened with …global innovators. • The company presence is driven by strategic partnerships. It has invaluable relationships with 20+ …global innovators and it is built on IP protection. • ~90% of CSM revenue is derived from patented molecules...
Please do your own research before trading or investing.
In addition to seeing the weakest sectors in India breaking to new lows, we’re witnessing some of its leading stocks run out of steam over the short-term. Here’s PI Industries failing to get above resistance near 1,585 and slowly beginning to roll over again. Notice momentum failed to reach overbought territory as well. And there are plenty of other leading stocks...