Will Pidilite break the resistance?
Pidilite is on the verge of breakout after testing the resistance multiple times.
The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level.
Scenario 1
Once it sustains above 2550 an up move can be expected to the range of 2750.
Scenario 2
In case the stock fails to give a breakout, support is in the range of 2400-2450. An up move can be expected from here after a bit of consolidation.
Please perform your due diligence before taking a trade.
Follow for regular trade ideas and tutorials. Happy Trading:)
The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level.
Scenario 1
Once it sustains above 2550 an up move can be expected to the range of 2750.
Scenario 2
In case the stock fails to give a breakout, support is in the range of 2400-2450. An up move can be expected from here after a bit of consolidation.
Please perform your due diligence before taking a trade.
Follow for regular trade ideas and tutorials. Happy Trading:)
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