13 May 2026, PI Industries (PIIND) futures have shown signs of a head and shoulder bullish reversal.
Pattern Status:
Technical analysis for May 2026 indicates that PIIND has broken above a short-term resistance level, with some views indicating a potential Inverted Head and Shoulders (IVHS) pattern in the making, aimed at shifting the trend from a previous downturn to an upward movement.
Target & Stoploss:
Recent technical views suggest that if the stock sustains its bullish momentum, it could target levels around ₹3,400+ within the next year, while immediate support and defensive stop-loss levels are monitored near ₹2,900–₹2960.
Pattern Status:
Technical analysis for May 2026 indicates that PIIND has broken above a short-term resistance level, with some views indicating a potential Inverted Head and Shoulders (IVHS) pattern in the making, aimed at shifting the trend from a previous downturn to an upward movement.
Target & Stoploss:
Recent technical views suggest that if the stock sustains its bullish momentum, it could target levels around ₹3,400+ within the next year, while immediate support and defensive stop-loss levels are monitored near ₹2,900–₹2960.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.