PIIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.0

Here’s a detailed technical analysis of PI Industries Ltd (PIIND)

📊 Trend Analysis

Current Trend: The stock is in a short-term downtrend. It’s trading below both its 50-DMA (₹3,848) and 200-DMA (₹3,841), signaling bearish sentiment.

52-Week Positioning: At 40.7% of its 52-week range (₹2,951 – ₹4,804), PIIND is closer to its yearly lows, indicating weakness in price action.

📈 Momentum Indicators

RSI (41.7): Bearish to neutral. Below 50 suggests weak buying interest, though not yet oversold.

MACD (-54.4): Strong negative divergence. Confirms bearish momentum with no signs of reversal.

Volume: Current volume (2.79L) is above the 1-week average (1.51L), indicating increased selling pressure rather than accumulation

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📉 Chart Patterns & Moving Averages

Price Action: The stock has failed to hold above key moving averages and is showing signs of breakdown from support zones.

Support Levels

₹3,650 (recent swing low)

₹3,500 (psychological support)

Resistance Levels

₹3,848–₹3,850 (DMA cluster)

₹4,000–₹4,100 (previous consolidation zone)

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions. However, without volume confirmation of buying, a bounce is uncertain.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 3,500–3,600 Near support, potential bottom zone

Exit (Short) 3,850–3,900 Resistance zone, near DMA cluster

Exit (Long) 4,100–4,200 If breakout sustains above ₹3,900

🔍 Market Behavior

Trending: Yes, but bearishly.

Consolidating: No, price is declining with weak momentum.

Reversing: Not yet. Indicators suggest continued weakness.

🧠 Summary

PIIND is technically weak, trading below key moving averages with bearish momentum. RSI and MACD confirm the downtrend, and volume spike suggests selling pressure. Traders should wait for signs of reversal or accumulate cautiously near ₹3,500 with tight stop-losses. A breakout above ₹3,850 with volume would be the first bullish signal.

Sources

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in.tradingview.com

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bing.com

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trendlyne.com

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www.stocks-buy.com

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