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...
Short Opportunity-
Pidilite Industries has formed Inverted Cup & Handle pattern, which indicates that there will be bearish movement expected. This stock retest at neckline Rs. 2384.00, if this stock first candle closes below Rs. 2384.00 level then we can enter this stock. The CPR is narrow and at the downside. Also, MA is headed to the downside. The CCI is near...
Short Opportunity -
Pidilite has made the head and shoulder pattern, but the pattern is yet to complete. It has strong support on rs. 2423.70. If this stock crossed this level and retests it, there will be a strong bullish movement we can expect. The CPR is narrow and at the downside and CCI is near -100 level, so both indicators are indicating a downtrend. But be...
Important Investment levels in case of Crude price pressure...
Fundamentally very good stock. Keep accumulating...
Study based on purely technicals....
For clarity have marked on weekly charts.
Lets Revisit this chart every week...
Will update more info as the movement happens in comment section..
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Got good support from previous level
Perfect stock to be in our long term Pf
Buy and forget kind of stock .
Can add at this level
If trading SL shud be below 2180 DCB
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PIDILITIND
Observations:
1) On daily time frame, it sustain to stay above 2400 level as well as 50DMA which is placed at 2392.97 level.
We can say that 2390-2400 level is immediate support range.
And major support range is as 2300 level.
Also, it looks like it, on 11 Nov 2021, it gave breakout from parallel channel and on 12 Nov 2021 it tested this...
Pidilite Industrie Future
CMP:- 2482.50
SL Below:- 2361.25
Targets above:- 2569.00
A strong bullish daily candle which does resemble a Bullish Engulfing pattern.
The candle has stood strong above the 20 EMA which acts as a support here.
RSI has a sharp bullish reversal and has breached the 50 level.
![PIDILITIND: Simple Trade Setup | PIDILITE IND | 15-11-2021 [ INTRADAY]](https://s3.tradingview.com/f/frZAEjDr_mid.png "Simple Trade Setup | PIDILITE IND | 15-11-2021 [ INTRADAY]")
