PIDILITIND has formed Symmetrical Triangle on Daily Chart.
Retested at Breakout Level.
RSI (14) Above 60 on Daily, Weekly, Monthly
Targets can be 1925/1950
SL 1758/1760 (on closing basis)
Note- It is for Educational Purpose only. Consult your Financial Advisor before taking any trade.
Price formed nice pattern and the required breakout happened all the way form the support. One can see the resistance exactly close to the breakout level so price unable to move further up and struggling.
The other thing to notice is ATH, price trading near ATH will have good resistance naturally. Lets wait and see how things move on from here !!!
Short term Bullish on PIDILITIND || Entry 1782 || Target 1860 || SL 1745
If Market condition is good and Pidilite gives some positive movement , may go for Long Position.
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Good is looking weak at these levels and one can look for the short opportunity if sustains below 1710. Targets and SL are marked on the chart.
Happy Trading!
InvestPro India Team
NSE:PIDILITIND
if one can find reversal then short it for intra and then on trailing basis for swing as well but remember short only on strictly reversal as per your trading set up. as two lines one can see at D point of pattern are PRZ ( price reversal zone ).
******whatever charts or levels sharing here are just for...
PIDILITIND FUTURE chart is forming CUP WITH HANDLE pattern. If Breakout neckline and hold. it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 1584 (DCB).
