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Technicals for PI Industries Limited
By MusingTheNews
2025-05-30 20:50
Overall Technical outlook
Price Summary
PI Industries Limited's stock opened at 3877.9 on 2025-05-30, surged to 3920.0, hit a low of 3804.8, and closed up -1.4% at 3823.7, with 582180 shares traded. The stock reached its highest price of 4731.35 and its lowest price of 2987.1 during the 52-week period. The price outlook for PIIND is between 2800.0 and 5700.0, with an average expectation of 4086.32, as estimated by 25 analysts.
Technicals
Support and Resistance: The price currently sits at 3823.7, finding support at 3668.4 and resistance at 4177.45. These levels define a range for PI Industries Limited where the price may move, with 3668.4 offering a base and 4177.45 limiting upward momentum. Support/Resistance for PIIND
Aroon: The Aroon indicator continues to show a bullish trend, with Aroon Up remaining at the 100 level. This suggests strong upward momentum, but the trend should be examined further using other indicators to confirm its strength and potential for continuation for PIIND. Aroon chart for PI Industries Limited
Bol. Bands: The price moving below the upper Bollinger Band may signal an upcoming decline for PIIND. This technical indicator often suggests that the asset has reached an overbought state and could be poised for a correction. Traders might interpret this as a potential reversal, where the bullish momentum is slowing down, and a downward trend could be emerging, making it a key moment for decision-making. Bolinger Bands chart for PI Industries Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for PI Industries Limited
Stochastic: The stochastic indicator reflects bullish conditions, with the K-line above both the D-line and the 80 mark. This setup suggests that the market has strong upward momentum, likely leading to further gains. Traders may consider this a signal of continued strength in the market. Stochastic chart for PI Industries Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned in a bearish pattern, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that the bearish momentum for PIIND may be fading. This could signal a potential shift towards bullish price action, as the market's downward trajectory begins to lose strength and prepares for a possible reversal. Tripple SMA chart for PI Industries Limited
When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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