Here PIDILITE goes.......TO BREAK THE BOUNDARIES.......This time I bring to you a brand new analysis PIDILITE. Going to break equivalent triangle for the second time on DAILY CHART. On the other hand, Moving Average(44) is also supporting the bullish analysis.
One can look for buying opportunity between 1830-1850.
SL - 1775
TARGET - 1950-1960..........
HAPPY TRADING :):):)
PIDILITIND trade ideas
Pidilite Industries 15m time frameIn continuation of my previous analysis, Pidilite had given a break, but since the market was sluggish and volumes were low there was no significant move. Bu the end of the session the trend line has been retested, wait for a clear confirmation or rejection in the line to enter. If there is a confirmation the next resistance should be the target.
Pidilite - Intraday Set up 2The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
PIDILITIND: Correcting-Still correcting
-Expecting it to tag the monthly trend before it can change it's direction
-It can continue it's journey within the box (indicated by the black lines) as well
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Please do NOT consider these as trade recommendations.
I' am an amateur and posting these charts helps me understand the market better.
I' am open for suggestions/advice.
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