Pidilite industries crossed all time high and broken upward trend line and now in uncharted territory. I m buying for 8-10% of gain may be 20-25 working days....
MACD is also supporting the buying thesis...
Pidilite Industries has been rising up for some time, looking at open interest data some indication of top formation can be seen.
Sell below : 1443 Stop Loss : 1449 / 1455 (depending on your risk appetite)
Targets : 1434 - 1432- 1421 - 1411
Low risk trade would be to sell 1480 call above Rs. 16-17/- with a stop loss of 22/-
As there are only two...
This scrip might move towards 1425 --> 1431--> 1439, where 1431 and 1439 are critical resistance. The critical date 2nd of January 2020(+/- 24 hrs) can change the minor trend. The support points will be updated later.
To join my TG, please ping me personally.
PIDILITE CMP 1367 accumulate and buy in between 1350 to 1360 for targets of 1384 and 1424.
after long consolidation pidilite yesterday formed pin bar on day chart and today giving breakout with good volume
TREND ANALYSIS & TRADE SETUP
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Wait for Proper Entry Setup.
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Wait for 2nd entry setup, if available then Long/short.
R:R is 5 to 10 times.