Pidilite
Pidilite - Bullish BreakoutNote: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with ultra high volume. Moreover, RSI above 65 indicates bullish momentum.
PIDILITE INDUSTRIES(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade🤔 :- Weekly Resistance + Triangle Breakout, Big Candle + Volume Confirmation, Stock In Weekly Uptrend + Above 200DMA.
Entry :- 1520 - 1530
Stop Loss :- 1472
Target :- 1669
(Risk Must Be Managed.)
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--Any Suggestions--
Have the Big players just entered?Spinning top candle formation after many bearish candles
Bigger Green Volume Bar
MACD positive
PIDILITE INDUSTRIE is in triangle pattern, short term Target 420PIDILITE INDUSTRIE is in triangle pattern, short term Target 420. If triangle breaks in upside big up move towards 1500 possible.
NSE:PIDILITIND
Breakout for PidilitePidilite just has a breakout for the triangular pattern. Might go high. Target 1 & 2.
PIDILITE : PRICE STUCK LIKE FEVICOL BELOW THE BALANCE LINEI find Balance Line chart a easy and fast way to gauge the performance of a stock in relation to itself. Pidilite has been consolidating for a long time now except for the spike between Jan to Mar 2020 the brief green area on the chart.
SWING TRADE #1 PIDILITE IND.Consolidating at 38.2% retracement level, crossed above level, also hammer at the bottom seems bullish indication, crossed 20 days ema but still below 200 days ema.
looks bullish on chart and can be considered as swing trade.
important levels are
entry range : 1380-1390
stop loss : 1360-1365
target :
first : 1450
second : 1490-1500
Pidilite medium term view RRR 1:2#pidilite buy above 1475, SL 1357 T 1710
Risk:- 118 Rs Reward:- 235, RRR 1:2
Time Frame:- 6 months to 1 year
