PIOC has been in an uptrend since Jan 2023. It made a Scallop formation and gave breakout from that formation in March 2024. It has exactly achieved the target price as projected by measured move. (TP 236), It has now formed a double top with right top lower than the left top. Though targets from the measured move projection of double top are much bigger, but those will be shared at later stage.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – PIOC 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 210-220
📈 TP1 : Rs. 195
📈 TP2 : Rs. 175
🛑 STOP LOSS: ABOVE Rs. 234 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: Medium Conviction | 1:2.7
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – PIOC 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 210-220
📈 TP1 : Rs. 195
📈 TP2 : Rs. 175
🛑 STOP LOSS: ABOVE Rs. 234 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: Medium Conviction | 1:2.7
Caution: Please enter/exit in 3 parts in give range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.