Get started

Pidilitindchart

Pidilite Industries - Short OpportunityShort Opportunity- Pidilite Industries has formed Inverted Cup & Handle pattern, which indicates that there will be bearish movement expected. This stock retest at neckline Rs. 2384.00, if this stock first candle closes below Rs. 2384.00 level then we can enter this stock. The CPR is narrow and at the downside. Also, MA is headed to the downside. The CCI is near -100. But we have to be curious because the international market is bearish and very volatile. Let the market settle and only then we can enter.
NSE:PIDILITINDShort
by sayenpure
1
Pidilite India - Short OpportunityShort Opportunity - Pidilite has made the head and shoulder pattern, but the pattern is yet to complete. It has strong support on rs. 2423.70. If this stock crossed this level and retests it, there will be a strong bullish movement we can expect. The CPR is narrow and at the downside and CCI is near -100 level, so both indicators are indicating a downtrend. But be cautious before taking any call as the market is very volatile and nowadays it is giving movement in an opposite direction. Give them time to settle the market and then we can enter.
NSE:PIDILITINDShort
by sayenpure
Simple Trade Setup | PIDILITE IND | 15-11-2021 [ INTRADAY] NSE:PIDILITIND Observations: 1) On daily time frame, it sustain to stay above 2400 level as well as 50DMA which is placed at 2392.97 level. We can say that 2390-2400 level is immediate support range. And major support range is as 2300 level. Also, it looks like it, on 11 Nov 2021, it gave breakout from parallel channel and on 12 Nov 2021 it tested this breakout. Now if it sustain above 2400 level and this parallel channel then we can see up move to continue. Major breakout level is 2480 level. Above this we can see good upmove. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 15-11-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:PIDILITIND
by Trading_hawk
2