Pidilite - Long Position (2:1) risk reward ratio!Just simple Chart analysis. Let's watch out in the coming week.
PIDILITIND trade ideas
Pidilite Industries- My first trading ideaHello everyone, I am Kalpana Burman , this is my first trading idea on this platform. Please do like, follow and support me so that I can work harder and give better ideas to this community. Also, please feel free to engage in the comment section.
Analysis:-
As this stock has retraced at 61.8% from its low, this can act as strong resistance for the stock. For upside, the stock has to move above 1520 levels and hold above it for 1603 levels.
Plan A for upside - Wait for decisive breakout and hold above the resistance line.
Plan B for the downside - Wait for a small swing towards previous recent high around 1520 levels and then the breakdown of the channel. Or simply wait for the breakdown of the channel. We will look for divergence in the RSI as well. The easy target is 1427 level and if goes below that then 1328 is achievable. If rejected at resistance, aggressive traders can enter with proper stop and protected trade setup.
Thank you, please do support.
~ Kalpana
Short sell set up Hello Traders , I am updating this short sell set up , just taking a time to explain what i mean short sell set up ,
Any pattern in the market which repeats itself has a specific characters in it , those visual information gives an indication of what will occur next ,
but they only work 80 % of the time , so another 20 % of the time they extend by few points or by few % in the preceding direction before they make an final termination
so i always wait for confirmation on those patterns which are tricky in nature , I go blind on patterns which do not have tricky behavior in their formation ,
so here i have made a small efforts in giving an explanation on charts what to look for before you take a decision of trade
01) is pattern completed its move ?
02) did you see a reversal or price rejection confirming your forecast of trend termination ?( you personal analysis including all kind of indicators you are using )
03) Do you have plan to trade it ?
04) Do you have identified stop price before entering the trade ?
05) what are the action course once the trade is engaged? How to move the stop to cost or brake even ?
When you are set all with this then you are good to take a trade with reasonable degree of risk in live trading season
What i see is most even dont know what they are doing ? and why they are doing ? they follow some telegram channel and they enter only to take 80% of their trade to stop or loss booking
So people make yourself more knowledgeable and learn basics to better and make your gains in trading
Good luck
Pidilite 52 Week High TrendPidilite Long term chart for next 2 weeks with upwards trends to hit 52 week High
Do you remember this one? Spiral study? - @kinnari_prajapatiAlmost more tha n 200 points profit .
BELOW chart is given to you:
Parallel channe with Golden ration analysis. Parallel channel with gravitation on the weekly chart-:
If you see the price between line (b) and (c), you will note that price is trading longer time into this area. Presently, the stock price is the (d) or value low which is support.
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confluence zone m1 and m2 is the support from fib retracement.
m1 1207 (currently price trading)
m2 1114 which is at 50% division
PIDILITIND: Bearish BAT - 15-APRIL-2020PIDILITIND: Bearish BAT - 15-APRIL-2020
CMP: 1478
Sell: 1502-1544
Target:1467, 1408
Stop loss: 1551.10 (15min close)
Ascending Traingle Formed in Pidilite India Buy above 1400 LevelAscending Traingle Formed in Pidilite India Buy above 1400 Level. Target 1460
PIDILITIND Bullish Shark: 03-APRIL-2020PIDILITIND Bullish Shark: 03-APRIL-2020
CMP: 1218
Buy: 1187-1202
Targets: 1229,1258
Stop loss 1184.80 (15min candle close)
Next move I am really looking this will make an side way pattern , Probably small flag , after a sharp move usually then enter on side way pattern
before heading for last drop ,
Now currently i am forecasting that it will maintain its long term bullish sentiment without making any sudden sharp moves ,
One can wait for this move to complete or can trade based on your method of entry and exit
PIDILITIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Pidilitind level for 18-Mar-2020(Intraday)Good support at fib and pitchfork level
Above 1575 for 1590,1625,1675
Below 1545 for 1530,1510,1450
Critical zone-1545-1575(sideways)
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Pidilitind cash : Strong support at 1440-1450PIDILITIND CASH
17 MARCH 2020
STRONG SUPPORT AT 1440-1450
ANY DOWNSIDE IF SUSTAIN
BELOW 1440-1450 LEVELS ONLY
FOR 1360/1300
CMP 1509
PIDILITIND Long 11 March 2020Even in such fall this Jem is just not giving up.
Strong RS
Regression Channel Broken (Awaiting Confirmation)
Price play with in Upper band - EMA 50D
Lets wait and watch.
Pidilitind supports Uptrend.Pidilitind is showing strengths in daily chart. Weekly candle is a hammer. It's already trading above 200 EMA and MACD is showing a positive crossover. So i'm expecting Pidilitind long strong positional.
