PI IndustriesNSE:PIIND
PI Industries according to me is an investment grade stock and it has confirmed its breakout after showing a bit of scare last week. Hold for long term, Stop Loss can be at 3630.
PIIND trade ideas
Best Agrochemical Space Stock to invest for long term Tgt 4500+Stock is really good for long term, recently it has done the acquisitions in the pharma API and intermediates business, it will be earnings and value-accretive.
PI Industries (PIIND; CMP: Rs 3,066; Market Cap: Rs 46,512 crore), a leading player in the global CSM (custom synthesis manufacturing) export business, announced on April 27, 2023, that some of its subsidiaries have signed share purchase agreements with a few companies in the CSM pharmaceutical space.
For quite some time, PI has been working on inorganic opportunities to enter pharma intermediates, which we view as a key catalyst for the stock.
With this acquisition, we see good growth opportunities for PI and it is among our preferred picks in the agrochemical space.
PI Industries has signed share purchase agreements to acquire 100 percent shareholding of the following.
PI Health Sciences Ltd (PIHSL): It is a wholly owned subsidiary of PI Industries. It has agreed to acquire TRM India and Solis Pharmachem, which are Indian subsidiaries of Therachem Research Medilab LLC (TRM US). The total cash consideration payable for the acquisition of TRM India is HKEX:42 million, and, for Solis Pharmachem, it is HKEX:3 million. Both the deals are expected to close in May 2023.
Valuation looks very Attractive for this ticker. Long term growth story also looks very promising.
Market Cap
₹ 51,327 Cr.
Current Price
₹ 3,383
High / Low
₹ 3,698 / 2,365
Stock P/E
44.5
Book Value
₹ 436
Dividend Yield
0.18 %
ROCE
17.3 %
ROE
14.7 %
Face Value
₹ 1.00
Debt
₹ 280 Cr.
EPS
₹ 76.0
PEG Ratio
3.44
Promoter holding
46.1 %
Intrinsic Value
₹ 1,560
Pledged percentage
0.00 %
EVEBITDA
30.5
PROS
Company has reduced debt.
Company is almost debt free.
Company's median sales growth is 18.5% of last 10 years
I have done my analysis and i found it very good stock to invest for long term. The target which i have written on chart can achieve in 1-2 years. Long term story is still pending you won't be surprise if i tell you this can generate multibaggers returns from here too. Well trade carefully.
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Thankyou:-))
PIIND
The stock has cleared its horizontal resistance level of 3535 decisively, suggesting continuation of longer term up-move.
The breakout has come after a significant time (9 months) spent below 3535. Usually, this suggests that the rally now could be strong.
Bullish outlook remains valid as long as price sustains 3500.
PIIND for 15% (approx..) GainPI Industries showing the breakout on monthly this is a weekly chart that is represented check on monthly something is cooking in this today's volume and Delivery is very great.
If this perform, I will update next TARGET,
SL is most important
CMP : 3615
TG : 4100
SL : Below 9 week EMA (or as your knowledge)
R/R : 2 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP. (To view this, click sedg.in)
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. (To view this, click sedg.in)
4: Fundamental : PE, PAT, Industry & peer PE and sector performance. (To view this, click sedg.in)
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
PIIND - Bullish Breaout PIIND is showing strength and has given V shaped recovery from the bottom asfter the results.
If it closes above 3500 on Monday then can be bought for targets 3600,3700,3780 ATH.
Please check my previous charts for accuracy.
PIIND a good breakout expected soon. a very high chance of breakout in piind. good risk reward to enter as of now.
Stage Analysis PI industriesIts a multi bagger stock which compuned by ROCE 20 plus. PI industies agrochemical compnay.
PI INDUSTRIES - UPMOVE, CONSOLIDATION AND BREAKOUT = DHAMAKAThis scrip is in a beautiful uptrend and consolidated for nearly 2 years. It has given highest monthly close on May 31, 2023.
Targets unfolding 4200-4500-5300
PI IND 4H TFNot having any view personally will wait for confirmation based on 1H candle close. Please check my profile and follow me for more such chart analysis.
PIINDBuy: Next open price
Sell: Will update, will review every weekend.
S/L: No need, will review every weekend.
PIINDUSTRIES (PIIND) long for MayPIIND gave good breakout of W pattern (double bottom). we can plan for buy above 3432 SL 3377 Target 3499,3632,3805 with risk to reward ratio being 1: 2 to 1:8
PI IndustriesGap up break out in triangle consolidation. Price is bullish as long as it stays above 3350. Expecting the price to reach 3500, 3620 and 3700. Buy and stop you can decide on your own. This is not a recommendation to buy/sell. Do your own analysis.
PIIND - Breakout tradeClearly broke from the triangle pattern.
Ps: Do your own research
Drop in your doubts in comments section
piindtriangle pattern opened gap up 3200 i will be looking for long opportunity till there should be time correction just for educational purpose
PIIND- Distribution TOP?!Attached: PIIND Daily Live Market Chart 26th April 2023
SELF EXPLANATORY:
Lower Highs and Lower Lows
Head & Shoulder TOP with Necklines
Targets marked as well
SELL at Current Market Price
Note: Had a Long View of PIIND before but now it is a Flip from Long to Short
PI Industries- Squeeze BUY!Attached: PIIND Daily Chart as of 21st April 2023
Price has given a Squeeze Release Buy Signal
+ an Inverted Head & Shoulder Breakout Buy Signal as well
Markings on Chart are SELF EXPLANATORY ^
Levels:
Buy at Current Market Price ~ 3189
Stop Loss < 3112
Upside Target= 3400
PIIND , DOUBLE TOP _ HEAD & SHOULDER PATTERNSPIIND , DOUBLE TOP _ HEAD & SHOULDER PATTERNS.
Observed double top in monthly time frame
Head & Shoulder pattern in weekly and Daily time frame.
My view drawn on chart.
Currently trading on support area need to break with good volume and then wait for a retracement.
Entry after rejection.
PI IND H & S There is a possible breakdown of H & S pattern in coming weeks unless it gives a closing above 3300 on WCB. Pattern target is 2300 - 2400 levels which is also a confluence of 200 WMA and AVWAP drawn from Oct 2018 lows. Target levels were tested twice earlier in Jan and May 2022.
PIIND near major supportPIIND near major support and positive RSI divergence
For short : (This is only for option traders, please trade with proper hedging )
close below 2907 on a daily time frame might fall more! One can take positional trade(Futures & Options) . SL @2991 on closing basis, TGT1 : 2816, TGT2 : 2709
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
PIIND - Head n Shoulder breakdown - 20% downside potentialPIIND seems to have formed a Head n Shoulder pattern and given breakdown today.
Target is coming to 2300 levels which is 20% downside from current levels.
SL: Daily candle close above 3000 levels.
