PI INDUSTRIES SWING IDEA - LONGPI industries is currently trading at 3460.
price shows support on 50EMA on weekly timeframe.
strong candles on hourly time frame shows strength of the level.
a long swing for short term target is expected.
key levels are
3425 entry
3550 target
3366 stoploss
if price holds above all these levels for few days or week it may show targets of 3630
this is my personal view, please do your own analysis before taking any positions.
PIIND trade ideas
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel
📌 Symbol/Asset: PIIND
🔍 Description: Stock is in a rising channel and its around the support area. Stock might bounce from here is support is respected !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
PIIND 1HRINTRADAY / SWING TRADE
PI IND Looking good for Downside..
When it break level 3622 and sustain.. it will go Downside...
SELL @3622
Target
1st 3594
2ND 3558
PIIND AUG FUT – 6 LOT (Qty-1500)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
TRADERS HOLD SWING TRADE FOR LONG TARGET
#PIIND... Looking good 30.05.23#PIIND...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
PIIND | Swing Trade📊 Details
PI Industries Ltd is a leading player in the agro-chemicals space having strong presence in both Domestic and Export markets. It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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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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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.