PIIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | PIIND | Market Cap | 42,288 Cr. | Current Price | 2,783 ₹ | High / Low | 4,330 ₹ |
| Stock P/E | 27.4 | Book Value | 749 ₹ | Dividend Yield | 0.58 % | ROCE | 17.8 % |
| ROE | 14.2 % | Face Value | 1.00 ₹ | DMA 50 | 3,020 ₹ | DMA 200 | 3,276 ₹ |
| Chg in FII Hold | -0.10 % | Chg in DII Hold | 0.26 % | PAT Qtr | 281 Cr. | PAT Prev Qtr | 298 Cr. |
| RSI | 35.0 | MACD | -30.6 | Volume | 8,37,217 | Avg Vol 1Wk | 11,03,967 |
| Low price | 2,700 ₹ | High price | 4,330 ₹ | PEG Ratio | 3.30 | Debt to equity | 0.01 |
| 52w Index | 5.09 % | Qtr Profit Var | -27.1 % | EPS | 94.6 ₹ | Industry PE | 24.4 |
📊 Chart Analysis: PIIND trades at ₹2,783, below both its 50 DMA (₹3,020) and 200 DMA (₹3,276), showing weak technical positioning. RSI at 35.0 is near oversold territory, while MACD at -30.6 indicates bearish momentum. Bollinger Bands suggest price pressure toward the lower band. Current volume (8,37,217) is below the weekly average (11,03,967), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is negative, supported by price weakness below both moving averages and bearish MACD. RSI near oversold levels suggests potential for a short-term bounce, but overall trend remains weak.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹2,700–₹2,800 (near support levels)
- 📉 Stop-Loss: ₹2,650 (below recent support)
- 🚀 Exit Zone: ₹3,000–₹3,050 (near 50 DMA resistance)
🔎 Trend Status: The stock is currently reversing downward with weak momentum. A breakout above ₹3,050 could trigger consolidation, while a drop below ₹2,650 may extend bearish trend.
Positive
- 📌 Very low debt-to-equity ratio (0.01), indicating minimal leverage risk.
- 📌 EPS at ₹94.6, reflecting strong earnings base.
- 📌 ROCE (17.8%) and ROE (14.2%), showing decent capital efficiency.
- 📌 DII holding increased (+0.26%), reflecting domestic institutional support.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, showing technical weakness.
- ⚠️ RSI at 35.0 near oversold, indicating bearish sentiment.
- ⚠️ PEG ratio at 3.30, suggesting valuation ahead of growth.
- ⚠️ Dividend yield at 0.58%, modest compared to peers.
Company Negative News
- ❌ PAT declined from ₹298 Cr. to ₹281 Cr., showing reduced profitability.
- ❌ Quarterly profit variation declined (-27.1%), highlighting earnings pressure.
- ❌ FII holding decreased (-0.10%), reflecting reduced foreign investor confidence.
Company Positive News
- ✅ EPS at ₹94.6, showing strong earnings per share.
- ✅ Stable balance sheet with very low debt-to-equity ratio (0.01).
Industry
- 🏭 Industry PE at 24.4, slightly lower than PIIND’s P/E (27.4), suggesting mild overvaluation.
- 🏭 Specialty chemicals sector demand supported by global agrochemicals and industrial applications.
Conclusion
📌 PIIND is reversing downward with weak technical signals and declining profitability. Entry near ₹2,700–₹2,800 offers limited short-term opportunity, with resistance at ₹3,000–₹3,050 as the next target. Long-term investors should be cautious due to valuation concerns and earnings pressure, while short-term traders may benefit from oversold bounce opportunities.
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