PIDILITIND - DOES IT LOOK LIKE CUP & HANDLE + TRIANGLE BREAKOUT?NSE:PIDILITIND
NO NEED TO MENTION ABOUT THE LEVELS.
SUPPORTED BY TRIANGLE BREAKOUT.
MAKES IT MORE CONFIDENT.
ONE OF THE POPULAR PATTERNS.
ONLY FOR EDUCATIONAL PURPOSE.
PIDILITIND
PIDILITE INDUSTRIES Buy if it sustain @ 1422-1428 level for the upcoming targets of (1445-1453) / (1487-1495) / (1494-1500)
Buy Pidilite Industries for long termBuy Pidilite Industries for long term.
Great Earnings and Strong Performance by this Stock.
Bullish on weekly chart.
Buy- CMP
Target- 1670, 1800, 2000
stoploss- 1300
Thank you,
Vishwajeet Sharma
Do you remember this one? Spiral study? - @kinnari_prajapatiAlmost more tha n 200 points profit .
BELOW chart is given to you:
Pidilite Industries - Signs of topping up can be seen.Pidilite Industries has been rising up for some time, looking at open interest data some indication of top formation can be seen.
Sell below : 1443 Stop Loss : 1449 / 1455 (depending on your risk appetite)
Targets : 1434 - 1432- 1421 - 1411
Low risk trade would be to sell 1480 call above Rs. 16-17/- with a stop loss of 22/-
As there are only two weeks to expiry, Call Premium will erode faster even if price does not fall much.
Please don't take this or any suggested trade blindly, consult your financial consultant and carry due diligence on your own.
Consider hitting the like button below this chart, if you find it worth, you may also follow me for more of interesting ideas / suggestions.
i2gain.
Cup and Handle on a daily candlestick It has completed a cup and handle chart pattern. If the price breaches 1425 then it will confirm a breakout. An upside of 100 point is expected on the breakout which is equal to depth of a cup
Pidilite Industries AnalysisThis scrip might move towards 1425 --> 1431--> 1439, where 1431 and 1439 are critical resistance. The critical date 2nd of January 2020(+/- 24 hrs) can change the minor trend. The support points will be updated later.
To join my TG, please ping me personally.
Regards,
Sharma Yogesh
PIDILITIND Still sticking to the trend?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 weakness. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
pidiliteBest entry at below 1300, Especially 1280 strong suport,
Fundamentally strong company,
1400 trg -1
1500 trg-1
1540 trg-3
6 months max holding
#pidilite Bearish Crab @in_tradingviewNSE:PIDILITIND
Pidilite Bearish Crab
Short Zone 1378 - 1385
SL 1405
T 1358 1345 1327
PIDILITE - SHORT OPPORTUNITYPidilite going towards Weekly Trendline. Possible reversal from Weekly trendline.
Targets are shown in Chart
Targets Shown in Chart can be achieved by 3rd week of Sept.
PIDILITIND || BUY || SHORTMost probably, long side has more strengths
Buy above 1260
Targets 1280, 1300, 1320
Sell below 1200
Targets 1180, 1170, 1160
Pidilite Ind showing some love...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 is an impulse move upside, still whatever wave it might be, it will result in up-move only.
2> Classical TA -->
a. Top formed at 1304.20 and 1304.80 gave possibility to double top(marked w/ an arc on the chart) which was activated after breaking the neckline of the double top and the height/target of double top is at 1200 level approx.
b. 1202 -1992 is a major support for the scrip.
c. previous day it formed a bullish kicker on daily chart.
d. the scrip has retraced 50% of Fibonacci level.
e. given breakout to the downtrend channel
3> Putting it all together -->
Currently, it has some support at 1222/18 levels, which can be used to go long for the targets of 1248/62/84 levels with Stop loss 1199, or using your own strategy and risk management.
Incase you missed previous idea on the same scrip -->
Regards,
Sharma Yogesh
