PIIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.7

📊 Technical Analysis Summary

• Trend Status: Consolidating with mild bearish bias
• Current Price: ₹3,574
• RSI (47.1): Neutral zone — no strong momentum
• MACD (-17.0): Bearish crossover — short-term weakness
• Volume: Below average (1.27L vs 1-week avg 1.53L) — low conviction
• DMA 50/200: Price below both (₹3,659 & ₹3,774) — bearish signal
• Bollinger Bands: Price near lower band — potential support zone

📈 Entry & Exit Zones

• Support Levels: ₹3,500 / ₹3,300 / ₹2,951
• Resistance Levels: ₹3,660 / ₹3,775 / ₹4,000
• Optimal Entry: ₹3,500–₹3,550 (if support holds)
• Exit Target: ₹3,775–₹4,000 (on bounce)

✅ Positive

• Strong fundamentals — ROCE (25.4%) and ROE (19.7%)
• PEG ratio of 0.94 — reasonable valuation for growth
• Low debt-to-equity ratio (0.01) — financially sound

⚠️ Limitation

• Price below key moving averages — weak technical setup
• MACD and volume trends suggest lack of momentum
• Dividend yield is modest (0.45%)

📉 Company Negative News

• FII holding declined by 0.56% — foreign investor caution
• Quarterly profit variation of -6.84% — earnings volatility

📈 Company Positive News

• DII holding increased by 1.05% — domestic investor confidence
• Quarterly PAT improved from ₹386 Cr to ₹464 Cr

🏢 Industry

• PIIND operates in specialty chemicals — high-growth, innovation-driven sector
• Industry P/E is 32.2 vs PIIND’s 29.6 — slightly undervalued
• Sector benefits from global demand and export opportunities

🧾 Conclusion

• PIIND is currently consolidating with weak short-term momentum
• Entry near ₹3,500 may offer upside toward ₹3,775–₹4,000
• Fundamentals remain strong — suitable for accumulation on dips