PIIND - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for PIIND (PI Industries Ltd.)

Technical Rating: 4.3

📉 Trend & Momentum Overview

Trend Status: Trending upward

Price Action: Trading above both 50 DMA (₹4,020) and 200 DMA (₹3,847), confirming bullish momentum.

RSI (62.0): Bullish zone, but not overbought — indicates strength with room for upside.

MACD (26.9): Strong positive crossover, reinforcing bullish momentum.

Volume: Current volume (2.27L) is nearly double the 1-week average (1.13L), showing strong participation.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50 DMA > 200 DMA → bullish alignment.

No signs of reversal or crossover — trend intact.

Bollinger Bands

Price near upper band → bullish pressure.

Bands widening → increasing volatility, potential breakout.

Support & Resistance Zones

🔍 Short-Term Signals

Momentum: Bullish; RSI and MACD both support upside.

Volume Trend: Surging, confirming breakout potential.

Volatility: Rising; Bollinger Band expansion suggests sharp moves.

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹4,050–₹4,100 (pullback to support)

Exit Target Zone: ₹4,325–₹4,475 (resistance cluster)

Stop Loss: ₹3,980 (below 50 DMA)

🧭 Conclusion

PIIND is currently trending upward, supported by strong technical indicators and volume confirmation. The bullish MACD crossover, RSI above 60, and price action above key moving averages all point to continued strength. A breakout above ₹4,325 could open up further upside toward ₹4,575 and beyond.

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