PIDILITIND trade ideas
Short term correction long term buying opportunityAfter hitting all-time high, the stock has fallen sharply with a big bearish engulfing candle. Volumes were also substantially high. It means a short-term correction is on cards and traders can go short on it. But the long-term uptrend remains intact. Wait for the fresh buying to start before entering on the long-side.
pidilite can see a good downside NEXT MONTH !? might be !!!!!a good downside in pidilite awaiting!!!!!!!!!!!!!!
PIDILITIND:775 A break below the neck line can target:685PIDILITIND:775 A Head & shoulder pattern on wave 5 completion, break below the neck line can bring
down the stock to 685 level.The wave count shows that the wave 3 was extended and hence wave 5 will
almost equal to wave 1 seems to be completed at 868. The stock fundamentally a strong one.
A head & shoulder pattern Break below the neck line targets 685 & It can even correct to wave 4 support level 567 marked.
PidilitIND - Head & Shoulder PatternNSE:PIDILITIND has formed head and shoulder pattern and one can short it below 772.75
T1 - 739.50
T2 - 716.90
SL - 794.20
#PIDILITIND - Rounding top & at imp supportPIDILITIND has formed rounding top formation on a daily chart and is currently at important support level of 775.
Its near its tripple bottom and again taken a support above 775Its having moat business like pidilite,m-seal,dr fixit and others.Its a good short term bet for upside as its again have bounced from its support zone and a good demand comes in at that level.The SL is CBSL type.
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
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.
