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...
Pidilite: Runaway Bullish formation before 10th Aug Results
Bullish breakout from a long term rounding bottom formation with very high positive volume.
Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon.
A 6months old resistance line is decisively broken this time, after testing thrice.
Most likely the Q1...
Pidilite is on the verge of breakout after testing the resistance multiple times.
The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level.
Scenario 1
Once it sustains above 2550 an up move can be expected to the range of 2750.
Scenario 2
In case the stock...
Since my last post on Pidilite, showing the trend of -25%/+100%, it has given a bounce of over 12% and with the relaxing crude oil situation, it might be a good time to hop in.
Not an Investment advice, only for research purpose.
NSE:PIDILITIND
Head and Shoulder Pattern Breakdown. Avoid buying here.
Major Support at 1900, followed by 1800 levels.
for Long Term Investments, follow the channel pattern.
Entry Price- 1800
Target1- 2200
Target2- 2500
Pidilite Industries is leading stock in chemical sector as well as it is a consistent performer.
The Head and Shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway after a trend has exhausted itself. This reversal signals the end of an uptrend.
NOCIL LTD HAD CORRECTED 40% FROM ITS TOP
And it is ready to give a huge run-up of 27%
FUNDAMENTAL REASON
1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future.
2. We could see some huge movement today and this kind of...
