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Piindustries

PI Industries - Swing Trade - Support of 50EMAThe purpose of this analysis is mainly to give an idea for swing trades to beginners. The stock gives easy 20% after every dip & support of 50EMA (as can be seen in image itself). Some plus points with the stock - Almost Debt Free; Highest ever Net Profit & Net Cash flow and FIIs have increased their shareholding (Sept 2020). The stock is among the leaders of its sector. For details, check previous analysis of JKCEMENT. Analysis is linked below. P.S - Always take care of your position sizing in any trade. Never put more than 10% of your initial capital in any one stock. Feel Free to comment for any query on this idea or regarding price action analysis. Also, checkout other similar stocks. One can comment their names below as well.
NSE:PIINDLong
by AdityaKarn90
5
PI Industries - Short & Mid term swing Funada mental view ========================= PI Industries has a unique and non-conflicting business model, which is strengthened with …global innovators. • The company presence is driven by strategic partnerships. It has invaluable relationships with 20+ …global innovators and it is built on IP protection. • ~90% of CSM revenue is derived from patented molecules and more than 60% of domestic revenue …comes from in-licensed molecules. • The agrochemical is now diversified with pharma foray and has scaled up. • PI Industries has a promising opportunity landscape as the global specialty chemicals market is expected to grow at 5.4% CAGR between 2019 and 2024; global supply chain diversification and M&A activities to aid specialized CSM players. • PI Industries can vouch for its strong assets. It has an invaluable team of ~300 researchers and scientists, 5 formulation facilities, globally certified technologies, a tech-enabled distribution network, and relationships with over 2.5 million farmers. • Lastly, it has a track record of being consistent with Revenue CAGR (10 years) of 17.68% Technical View ========================== Stock is trading on their harmonic prz and the trend line support. As per stock behavior, a high probability bounces from their support. buy from 2100 SL: 1900 Target: 2450/2700/3000
NSE:PIIND
by Virupandey81
India's Leading Stocks (PI Industries) Running Out Of Steam?In addition to seeing the weakest sectors in India breaking to new lows, we’re witnessing some of its leading stocks run out of steam over the short-term. Here’s PI Industries failing to get above resistance near 1,585 and slowly beginning to roll over again. Notice momentum failed to reach overbought territory as well. And there are plenty of other leading stocks out there exhibiting these conditions. In our blog post linked below we take a look at several charts that suggest further weakness in Equities around the globe could be ahead.
NSE:PIIND
by AllstarchartsINDIA