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Pidilitindsell

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