Pidilit - Time to go long.NSE:PIDILITIND has formed hammer pattern in daily chart with strong volume.
Go Long above 810
T1 - 824
T2- 850
SL - 783.50
PIDILITIND trade ideas
Pidilite - Triple Bottom.Stock Bounced from Triple Bottom.
Took Support & ready for next up move.
During Last 2 Days closed above 50% Fibo.
(From where stock started up move).
Near 100 EMA.
Immediate Targets Mentioned in Chart.
Above 835 Fast Move Towards 851/861/871.
Details Mentioned in Chart.
Pidilite Ind - Breaking to new "All Time High"It has been observed on the Weekly chart that the price action breaks above the strong resistance zone of 830-35, which now indicating a new all time high and also shall further move up.
The company has been working well with strong growth, which also eligible for investing.
Target1: 855
Target2: 865
SL1: 830
PIDILITE Resistance level breachedPIDILITE was following sideway channel, retracing from support level and resistance level. As we can se the resistance level is breached by a green candle which closed above the previous candle, we can go long with the stoploss at the breaking of the resistance level i.e 831 with risk reward as 1:2 .
Else one can short PIDILITIND 810PE at 8.0 for conservative, PIDILITIND 820PE at 13.0 for average risk with lot size 1000.
Pidilite:- about to break the range?Pidilite ind CMP 827 has made kind of tripple bottom at 796 which is now acting as strong support for a long trade . One can go long in the range of 805-812 ;Target upto one's risk appetite whoever wants to run their position. i see 865/872 for the stock if it breaks out .
BUY PIDILITE CMP:814 TGT:823 SL 808 (INTRADAY 14/6/17)Broken out of temporary rectangular range. Good volume buildup+MACD+Heiken Ashi bar formation. More importantly, bullish close above range.
Is Pidilite doing irregular correction?Looking at weekly chart look like a clear 5 wave upmove and then corrective A and B complete .. since wave A was 5 wave and wave B( running flat ) looks like 3 wave.. i have a hypothesis that Pidilite is not in a new impulse rather it is still in corrective and may do atleast 600 or below..
Below is the weekly chart
invst.ly
Now, coming to the hourly chart, the first wave of Wave C i.e. C.1 ( if it really is wave C) is a clear 5 wave structure and the Wave C.2. just retraced more than 80% of this down move.
invst.ly
Looking at trendlines .. it did stop right at the channel bottom which it broke.
so here is a trade that i am planning to take on Monday ..Short between 765-770 ( spot ) with a SL of 781 ( july futures mostly ) for a target below 600 .. this is a positional trade and not a short term trade.. the Risk-reward is awesome ..
I am new to EW and i am still learning so this could feel like ambitious , so please provide your view..
PIDILITE will it stick to it's up trendstock is in uptrend
last four days of prices in candle suggests inside day of a big up move
in contraction mode
might see a big range day towards channel resistance soon
PIDILITE A BIG UPTREND SPOTTEDOn daily chart pidilite is making reverse head and shoulders pattern.
It is on the verge of giving break out. As soon as we get breakout, can go long.
Expected breakout at 725 level, then can go target of 750 & 780.
Multiple Bullish patterns spotted in PIDILITEMultiple bullish patterns including bullish dragon pattern and flag patterns are visible in the PA of Pidilite. Red lines indicate possible targets and they are coinciding at multiple levels.
All the best, everyone!
PIDILITIND LONG TRADE Dis stock broken its trend line and stable above that so am going to buy dis stock trade entry stop loss and targets given on chart so trade according to that levels. also there is 2 targets so please watch chart carefully.
hit like if agree with the plan and follow me for more updates and ideas.
regards
king999
PIDILITE - Double Top + Trendline BreakThe stock has shown a classic double top pattern and a trendline break.
Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback.
I have drawn blue lines which are important levels according to me.
See how price reacts on reaching those levels and build positions accordingly.
Sharing if it helps :)
PIDILITE INDS bottoms outThis scrip has bottomed out at 680 just resting on its 20EMA close. with low volumes.
As the construction industry is reviving, the scrip which has a monopoly over all its products, will have incremental sales, sustainability of margins and improved profitability.
I should imagine a price of 800 or so in a month's time.
