I'm novice and this analysis is part of my learning
Pidilite showing correction wave post touching its important resistance level 1167.
Should hold 1138.
Down side 1138, 1113, 1100, 1090
Up side 1167, 1187
I'm a Novice and this analysis is done as part of my learning.
Pidilite touching its crucial level and correcting. Should hold 1138 for reversal.
Next support levels 1113, 1100, 1090, on trending up: 1167, 1180
Please feel free to correct and provide your insights. Thanks.
HA Candles broke the resistance line and closed above it.
MACD line is above the signal line and going upwards above 0 line.
The stock is in an upward trend and HA candles is above the 20 EMA which shows positive upward movement.
30-40 points of upward movement can be achieved. It may show strong movement if it crosses 1180-1200.
As of now...
stock trading near weekly support and after a descent fall given some scope of rise in the last some hours of trading today !
with a stop loss @ 1090 095 range and keeping targets of 1147 , & 1170 , better stay long in the stock with a fair chance of
Stock Bounced from Triple Bottom.
Took Support & ready for next up move.
During Last 2 Days closed above 50% Fibo.
(From where stock started up move).
Near 100 EMA.
Immediate Targets Mentioned in Chart.
Above 835 Fast Move Towards 851/861/871.
Details Mentioned in Chart.
It has been observed on the Weekly chart that the price action breaks above the strong resistance zone of 830-35, which now indicating a new all time high and also shall further move up.
The company has been working well with strong growth, which also eligible for investing.