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 📊