PIDILITIND
SHORT TERM || LONG ON DIPS || PIDILITIND || SL 1044Buy Pidilite NSE:PIDILITIND on a dip with SL of 1044 and target of 1090/1107
Pidilight Support Resistance analysisI'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
Pidilit Support And Resistance AnalysisI'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.
Bearish Flag Breakout - Continuation Pattern - Risk Reward 1: 3Sell Pidilitind below 1101.85
Stop 1127.50
Target 1025
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 pattern will actually take shape in the middle of the ultimate move lower.
SELL PIDILITE IND FUT 1140 - 1150 . S.L - 1210 TARGET 1050STOCK TOUCH THIRED TIME IN RESISTANCE LINE BUT UNABLE TO BREAK THAT RESISTANCE LINE & DAILY CANDILSTICK IN BERIESH PATTERN FORMED AND SUPPORT TREND LINE ALSO BREAKED AND CLOSEED BELOW THAT LEVELS. SO TAKE SHORT POSITION IN THIS STOCK....
IF YOU TRADE IN FUTURES YOU WILL BUY CALL OPTION FOR HEDGE YOUR POSITION...
SELL NSE:PIDILITIND
BUY CALL OPTION ASPER YOUR RISK TAKING CAPACITY.....
NOTE : DONT CARRY OVERNIGHT FUTURE POSITION WITHOUT OPTION HEDGEING......
double top ! will pidilite go to 900? close below 1015 today would be confirmation as 1015 is 200 dma and that is also important support for the stock
Enter LONG in PIDILITIND Above 1170Enter Long PIDILITIND above 1170
Target - 1176, 1181 & 1190
Sl - 1159
