PIDILITIND trade ideas
Buy setupPidilite has a very interesting Buy setup. Its consolidating and it should be done soon. A breakout to the top - and I guess we can see new highs being made. The risk / reward also seems quite favorable. I would look at the First target being a retest of the previous high and the second one at the mentioned level on the charts.
PIDILITE.. uptrend intactPidilite has held its trendline .. looks bullish..buy on dips to 1200
as long as it holds the trendline it will keep going up..
#PIDILITIND #EMA #Alignment#NimblrTA - Understanding EMA Alignment
NimblrTA uses EMA 5/21/55 on positional
1) Condition: Close > EMA 5 > EMA 21 > EMA 55
sets the tone for the alignment.
2) It must be have a momentum to reach the heights
3) Orange / Blue / Green lines gives EMA 5/21/55 on this chart
4) Crossover to align EMA for first time is the TGC (Triple Golden Cross)
5) Ratio of Absolute gives the TGC Factor
6) TGC Factor b/w 0.382 - 2.22 indicates all EMA are equidistant from each other
This Condition to start a new journey is backed by momentum.
Pidilite shortPidilite several -ve factors
- resutls down by 3%, margine down by 3%
- crude is rising
- PE is on top side
Chart patterns
- on first major support, once it brakes 1120, it should reach to 1st target of 1055
#PidilitInd Swing TradePidilite Ind. Level to be in focus for Long @ 1181-1166, Stop loss will be @ 1160.
Target will be Reward:Risk 2:1
Exit level strictly followe by R:R ratio.
If underlying will breach upward side of 1239 level so next level will be possible @ 1260, and 1290 is a strong Resistance.
BULLISH AT CURRENT LEVELS ON 31/12/2018 @ 1107.85LONG WITH UPSIDE TARGETS OF 1200 & 1268 WITH SL OF 990 AS PER MOMENTUM & FIBONACCI!
#PIDILITEIND CASH : LOOKS STRONG SUPPORT AT 1175-1178#PIDILITEIND CASH
06 MAY 2019
STRONG SUPPORT 1175-1178
CMP 1187.85
