PIDILITE INDUSTRIES: The stock has recently rendered itself into sideways moves. The prices on the daily charts have drifted below the KS & TS lines, moving towards lead line 2 where it may find support. Breaking below it will not be favorable for the stock in the short term. It may further fall down to 1295 thereafter 1195. The momentum indicators are indicating...
Lets have a look at the analysis -->
1> EW analysis -->
Counting from low 1095 on 15th May 2019 till 1304.80 on 11th June 2019 as an impulse move, and from the same high till recent low at 1195.55 as an corrective ZZ move, we might be in either impulse move upside or B of the same corrective more or x of same corrective move. The most biased and preferred count...
I'm novice and this analysis is part of my learning
Pidilite showing correction wave post touching its important resistance level 1167.
Should hold 1138.
Down side 1138, 1113, 1100, 1090
Up side 1167, 1187
I'm a Novice and this analysis is done as part of my learning.
Pidilite touching its crucial level and correcting. Should hold 1138 for reversal.
Next support levels 1113, 1100, 1090, on trending up: 1167, 1180
Please feel free to correct and provide your insights. Thanks.
Sell Pidilitind below 1101.85
Risk 2.33% & Reward 7%
Riks Reward Ratio 1: 3
Bear flags are favored among technical traders because they almost always lead to large and predictable price moves. Like all continuation patterns, bear flags represent little more than a brief lull in a larger move lower. Indeed, in many cases, the flag...