Pidilite Industries - Descending TriangleThe descending triangle chart pattern in Pidilite Industries Ltd. suggests a potential bearish trend. It forms with a horizontal support level and a downward-sloping resistance line. As price consolidates, if breakdown below the support may signal a further decline, indicating possible weakness in the stock. Traders often watch for a breakout confirmation.
Descending Triangle 60% continuation and 40% reversal.
Pidilite
Pidilite is ready to blastThere is a one more stock Which is showing a great opportunity, stock is near resistance and ready to blast. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Pasted a image from my private idea because daily idea post limit is reached.
Pidilite Sticky web on the upper side Hello Friends,
Pidilite Industries 2600 CE which is Trading around 43 in October Expiry is looking upside .
Pidilite CE 2600 CE OPTION OCTOBER EXPIRY CAN BE BOUGHT FOR 30000 Profit .
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Rising wedge pattern reversal in Pidilite Industries Pidilite Industries
Key highlights: 💡
✅On 1 week Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3000+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2298-.
STOCKS TO KEEP ON RADAR FOR UPCOMING SESSIONSNSE:PIDILITIND
Stocks to keep on the radar for upcoming sessions.
1. Pidilite
2. Axis Bank
3. OFSS
4. PEL
5. MFSL
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
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Pidilite - Bottom Fishing? Pidilite has reached 120 day EMA and Multiyear Trendline support as well - I had pointed it out the last time it did so, and it went on to make 40% returns after that.
This time its different. The company has been showing slowing sales growth, and suffering from increased crude volatility expectations. It reflects in its high PE of 94 against a 10 Year Median PE of 55.
It will be interesting to see if the share price takes support here, or goes on to discount even more to more fair valuations.
BULLISH BREAKOUT PIDILITE (FEVICOL KA MAJBUT JOD)Pidilite gives a bullish breakout on weekly chart it gives a breakout on horizontal resistance trendline and close above also given a breakout on Bollinger bands, volumes also jumping from previous so we can say it gives breakout on volume indicator too we can see more bullishness in coming sessions.
CAUSE OF LONG-:
1- Horizontal resistance trendline breakout.
2- Bollinger bands breakout.
3- Volume Breakout.
4- Combination of Breakouts.