Piyush-Gupta

PIDILITIND, BREAKOUT POST 4 MONTHS (CHART# 297)

Long
NSE:PIDILITIND   PIDILITE INDUSTRIE
PIDILITIND has given bullish breakout along with good volume today from a trend line which is running from March'20.
Above 1445 this should be a good momentum for long run.
Kindly track NIFTY as well to ensure we have trend along with us which will further increase our probability of setup. A simple price action study of NIFTY suggest along with Fibonacci that 11100- 11150 is strong resistance area and till then we can have this bull run.

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Piyush Gupta

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