PIIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | PIIND | Market Cap | 46,347 Cr. | Current Price | 3,055 ₹ | High / Low | 4,330 ₹ |
| Stock P/E | 28.3 | Book Value | 728 ₹ | Dividend Yield | 0.52 % | ROCE | 25.4 % |
| ROE | 19.7 % | Face Value | 1.00 ₹ | DMA 50 | 3,027 ₹ | DMA 200 | 3,318 ₹ |
| Chg in FII Hold | -0.10 % | Chg in DII Hold | 0.26 % | PAT Qtr | 298 Cr. | PAT Prev Qtr | 491 Cr. |
| RSI | 54.3 | MACD | 37.4 | Volume | 2,10,195 | Avg Vol 1Wk | 2,99,646 |
| Low price | 2,700 ₹ | High price | 4,330 ₹ | PEG Ratio | 0.89 | Debt to equity | 0.00 |
| 52w Index | 21.8 % | Qtr Profit Var | -29.6 % | EPS | 107 ₹ | Industry PE | 25.0 |
Chart Patterns & Moving Averages: PIIND is trading slightly above its 50 DMA (₹3,027) but below its 200 DMA (₹3,318), showing short-term strength but medium-term weakness. Price action is consolidating between ₹3,000–₹3,100 with resistance near ₹3,250–₹3,300.
RSI & Momentum: RSI at 54.3 indicates moderate momentum. MACD at 37.4 is bullish, suggesting short-term upward bias.
Bollinger Bands: Price is mid-band, reflecting consolidation with potential for breakout if volume improves.
Volume Trends: Current volume (2.1L) is below average (3.0L), showing reduced participation and weakening conviction.
Entry/Exit Zones:
- **Entry:** ₹3,020–₹3,050 (near DMA 50 support)
- **Exit:** ₹3,250–₹3,300 (resistance zone)
- **Stop-loss:** ₹2,980 (below support)
Trend Status: Consolidation with mild bullish bias; medium-term weakness persists below 200 DMA.
Positive
- Strong ROCE (25.4%) and ROE (19.7%).
- EPS at ₹107 supports earnings strength.
- PEG ratio at 0.89 indicates fair growth-adjusted valuation.
- Debt-free balance sheet (0.00 debt-to-equity).
- Price trading above 50 DMA confirms short-term strength.
Limitation
- PAT declined from ₹491 Cr to ₹298 Cr.
- Quarterly profit variation down (-29.6%).
- Price below 200 DMA reflects medium-term weakness.
- FII holding decreased (-0.10%).
- Volume below average, limiting breakout conviction.
Company Negative News
- Sequential profit decline impacting earnings visibility.
- Reduced FII participation.
- Valuation slightly above industry PE (28.3 vs 25.0).
Company Positive News
- DII holding increased (+0.26%).
- Strong fundamentals with high efficiency ratios.
- Price recovery from 52-week low (₹2,700).
Industry
- Industry PE at 25.0, slightly lower than PIIND’s valuation.
- Specialty chemicals sector supported by global demand.
- Competitive peers with similar growth but weaker balance sheets.
Conclusion
PIIND shows short-term bullish momentum supported by RSI, MACD, and strong fundamentals, but medium-term weakness persists below the 200 DMA. Entry near ₹3,020–₹3,050 offers upside toward ₹3,250–₹3,300, with strict stop-loss discipline at ₹2,980. Suitable for disciplined swing trades with risk-managed setups.
This HTML report captures PIIND’s short-term strength with medium-term weakness. Would you like me to extend this into a sector overlay comparison vs peers like Aarti Industries, SRF, and Navin Fluorine to highlight relative strength and valuation positioning?