1. Long wicks at the Daily time frame.
2. Bounce back from 100ema price multiple times.
3. Fundamentally strong chemical stock.
4. Major beneficiary from the corona virus. Another stock I know is Deepak Nitrite and which is zooming like no tomorrow.
PI Industries whenever below the RSI support line has bounced back after few days or weeks back and again traded beyond 50 EMA...! Is it one more attempting to touch 50 EMA Next 2 sessions if it attempts and touches 50 EMA, better to wait for a bounce to take a trade.
