PIDILITIND trade ideas
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.
PIDILITIND Symmetrical Triangle PIDILITIND has formed Symmetrical Triangle on Daily Chart.
Retested at Breakout Level.
RSI (14) Above 60 on Daily, Weekly, Monthly
Targets can be 1925/1950
SL 1758/1760 (on closing basis)
Note- It is for Educational Purpose only. Consult your Financial Advisor before taking any trade.
Pidilitind - Breakout near ATHPrice formed nice pattern and the required breakout happened all the way form the support. One can see the resistance exactly close to the breakout level so price unable to move further up and struggling.
The other thing to notice is ATH, price trading near ATH will have good resistance naturally. Lets wait and see how things move on from here !!!
PIDILITE: moving upwardsThe MACD is indicating a buy and RSI is also on uptrend . The next target is 1850 soon.
PIDILITE Positional ViewNSE:PIDILITIND Levels already mentioned.. Good for Swing...
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
PIDILITENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading.
PIDILITIND | W Pattern / Double Bottom with trendline supportPIDILITIND | W Pattern / Double Bottom with trendline support - 9%
CMP : 1685
SL : 1600
Target : 1830
1:3 risk reward setup
PIDILITIND | SWING TRADE | 22/3/21All the reasons for the trade have been explained in the image.
---HAPPY TRADING
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long term ema 50
short term ema 10
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