There 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...
Pidilite Industries has given long trendline breakout and is moving towards
completing rounding bottom pattern, with some major resistance on the way
which if breached can reach higher targets.
Pidilite Industries swing trade for risk reward ratio of 1.25
can look for tp of 2544 only above 2500 with stop of 2460
DC : only for educational purpose
PIDLITIND nearing its 3 years confluence support.
It should consolidate or reverse anytime in couple of weeks. So start initial position and add more once reversal is confirmed above 2520
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 .
Disclaimer - SEBI REGISTERED
OPTIONS ARE RISKY
FOR INSTANT MONEY JOIN YOUTUBE @BRAINVEHICLE
Long PIDILITE above 2620. Add the stock to your watch list. Good risk to reward trade. The stock has taken the support of 50 EMA levels. A very high probability that stock will turn up. This is for your educational purpose only.
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-.
NSE: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.
I hope you found this idea helpful.
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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...
Pidilite can give short term long opportunity with upto 9% upside move.
Very interesting to see how market behaves.
The above view is just for educational purposes, It's not buying or selling recommendation.
The price moves in an upward channel after a correction. In my opinion this could be an ideal stock for swing trade. Please be aware of the supply zone marked in red. If it crosses above it, it could gather good momentum.
