Pidilitindprice
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 c
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
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 2
Pidilite ind NSE:PIDILITIND
if one can find reversal then short it for intra and then on trailing basis for swing as well but remember short only on strictly reversal as per your trading set up. as two lines one can see at D point of pattern are PRZ ( price reversal zone ).
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.












