PIDILITE Industries has finally had its head and shoulders pattern broken last week. Its certainly very interesting to look for a good entry and join the 'long' ride :)
Buy Pidilite NSE:PIDILITIND on a dip with SL of 1044 and target of 1090/1107
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 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...
STOCK 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...
If breaks todays low.... tgt 1149, 1109 Sl todays high
PIDILITIND neckline. trip|e top trying to brek lifetime high .
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
Refer chart.. Vijayaraghavan.K, Kovilpatti
Pidilitind can be shorted in PRZ as per chart levels.