Pidilite - 4H - Cup & Handle formationEducational Post only !!
A cup and handle seems to be forming on Pidilite - 4 Hour chart.
If it holds true there may be upside movement to 2000 - 2025 zone.
PIDILITIND trade ideas
Buy Pidilite IndustriesMy idea is for educational purpos.
Buy Pididlite Industries @1830 & decline for short term gain.
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
/*
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.
*/
HEAD & SHOULDER + TRENDLINE BREAK ON PIDILITE Expecting fall on Pidilite.
Entry : 1751.80
Slop Loss : 1798
Target 1 : 1700
Target 2 : 1650
Pidilite IndustriesLooking Very Interesting
Good consolidation in Uptrend.
Ready to breakout soon.
All good till its trading above 1680
Wait for a breakout though :)
Pidilit Ind.It has given bullish rounding bottom breakout with good delivery volume. Also trading at upper tradeline of wedge pattern. Closing above1880 will be conformation of wedge pattern breakout. Expecting movement till 1950, 2025, 2130. Right now ADX is near 15, above 25 it will give more strength to the trend.
PIDILITE CMP 1751.05 DATED 20.3.2021PIDILITE CMP 1751.05 DATED 20.3.2021
Breakout above 1765 sl 1695
tgt 1800-1835-1940
This is just a view, pls trade at your own risk....
pidilite like asian paint looking positive rsi,macd,moving averapidilite like asian paint looking positive rsi,macd,moving average all bullish signal
LIKELY BREAK OUT TRADElong term,med. term as well as short term trend is strong.May break the resistance line(Black).One can buy above it with sl bel 1799 and enjoy the ride.THIS IS MY PERSONAL VIEW,NOT A TRADE RECOMMENDATION
PIDILITIND :: Clear breakout in daily chartIn the daily chart, we can clearly see that bullish flag breakout in PIDILITE. Take long positions for the target of 1850 and stoploss of 1700.
