Pidiliteindustries
PIDILITE INDUSTRIES - DESPERATE TIMES !As you can see, PIDILITE INDUSTRIES is at a major support level .
Will it maintain support?
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Case - 1: If the price breaks above R1 - Rs. 2370, then we will see an upside in the stock.
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Case - 2: If the price breaks above S1 - Rs. 2260, then there will be further downside will be expected.
In such a scenario, the price will fall to S2 - Rs. 2175, as denoted by the Harmonic Pattern.
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Pidilite - Bottom Fishing? 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 of 55.
It will be interesting to see if the share price takes support here, or goes on to discount even more to more fair valuations.
Pidilite Head and Shoulder Pattern with possible TargetsPidilite is making and head and shoulder pattern, also taking support from 0.618 fibonacci level. It is also a support level. If overall market sentiments will be bearish in next few days also the stock breaks support and restes, it will be a good short opportunity but at the same the stock is all time bullish stock it can also keep time correction for 2 months instead of price correction. current p/e is 100 expensive. This is not a trade idea. Its just observation.
Will Pidilite break the resistance?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 fails to give a breakout, support is in the range of 2400-2450. An up move can be expected from here after a bit of consolidation.
Please perform your due diligence before taking a trade.
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Pidilite Industries for InvestmentNSE: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.
EVERGREEN Stocks _ available at "Nothing to loose Zone" !!!!Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone.
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300.
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and strong support around 3550-3500 .
-: NSE:ABBOTINDIA - available @17380 and strong support around 16000-16300.
-: NSE:HONAUT - available @40360 and strong support around 38000-40000.
-: NSE:RELAXO - available @1222 and strong support around 1130-1160 .
-: NSE:VINATIORGA - available @1860 and strong support around 1780-1730 .
-: NSE:ALKYLAMINE - available @2982 and strong support around 2950-2800 hardly 100 rupees risk.
-: NSE:APLLTD - available @725 and strong support around 660-720 less than 50 rupees risk.
-: NSE:HLEGLAS - available @5400 and strong support around 5300-5000 less than 4% risk.
-: NSE:SUPPETRO - available @665 and strong support around 600-620
These all are investment grade stocks which will surely compound your capital more than 25%.
"HAPPY INVESTING"
Pidilite Industries - Short OpportunityShort 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 -100.
But we have to be curious because the international market is bearish and very volatile. Let the market settle and only then we can enter.
Pidilite India - Short OpportunityShort 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 cautious before taking any call as the market is very volatile and nowadays it is giving movement in an opposite direction. Give them time to settle the market and then we can enter.
Pidilite Industries - Continuation of Bearish trend.
The bearish trend for Pidilite Industry is continuing for the last 7 sessions. It is testing the immediate support level around 2186. If it breaches the immediate support level with a bearish candle, further fall in the scrip is expected with high volumes.
Simple Trade Setup | PIDILITE IND | 15-11-2021 [ INTRADAY] 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 breakout.
Now if it sustain above 2400 level and this parallel channel then we can see up move to continue.
Major breakout level is 2480 level. Above this we can see good upmove.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Pidilite Industrie FuturePidilite 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.