CLICK TO VIEW THE REASONS TO TRADE
Buy 50 % @ CMP and rest 50 % in dip around 1620 with sl below 1570 on hourly closing basis for targe of 1770-1810. Disc : It's not an investment advise to buy or sell.
Note: 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 Limited ( NSE:PIDILITIND ) is continuously Consolidating in Range Zone (Trandline Zone). This can become a very good trade for intraday traders. Chart Published By Ravinder Sharma
PIDILITE INDUSTRIE is in triangle pattern, short term Target 420. If triangle breaks in upside big up move towards 1500 possible. NSE:PIDILITIND
Wait for minor pullback First and than you can buy for better returns.
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
Let's see if it completes the ascending triangle in the hourly time frame. Will short when the pattern breaks. The first target is 50% retracement of the symmetrical triangle. The final target is 100% retracement.
a. Zone: Strong Bear b. Resistance 1: 1398.55 c. Resistance 2: 1406.85 d. Support 1: 1348.75 e. Support 2: 1332.15 NSE:PIDILITIND
!! swing trading !! !! follow 1:3 Risk Reward Ratio and 2% Rule !! !! please note trade with caution and manage your risk !! !! all views for educational purpose, trade at your own risk !! Request you all to LIKE and COMMENT on views as then I come to know that how much engagement on the post. Paypal donation - paypal.me/shubhamkhan
stock-taking trendline support traders can go long with this
PIDILITEIND break support trendline so when horizontal line break you can short.
PIDILIT Industries Long Trade Levels mentioned in the Chart On 18th PIDILIT has informed exchanges about investor meeting on 19th , kind of positive. Expecting a run above 1412.
!! swing trading !! !! follow 1:3 Risk Reward Ratio and 2% Rule !! !! please note trade with caution and manage your risk !! !! all views for educational purpose, trade at your own risk !! Request you all to LIKE and COMMENT on views as then I come to know that how much engagement on the post. Paypal donation - paypal.me/shubhamkhan
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.