trade setup for the stock = this stock is expected to touch the REWARD level as shown in chart - in 1 hour timeframe.
PIDILITIND trade ideas
#PIDILITIND2307 to 2475 is the support on Weekly
A retest here an be an entry
Current levels are good for intraday on CCI 8 5 < -135 while CCI 34 30 > 100
BULLISH BREAKOUT PIDILITE (FEVICOL KA MAJBUT JOD)Pidilite gives a bullish breakout on weekly chart it gives a breakout on horizontal resistance trendline and close above also given a breakout on Bollinger bands, volumes also jumping from previous so we can say it gives breakout on volume indicator too we can see more bullishness in coming sessions.
CAUSE OF LONG-:
1- Horizontal resistance trendline breakout.
2- Bollinger bands breakout.
3- Volume Breakout.
4- Combination of Breakouts.
Pidilite Ind b.o. of pattern resistance yesterday it break resistance of pattern today sustaining above it : as very long term risky can ride long upmove with appropriate stopout level for risk management. posted as learning via sharing .
PIDILITIND - Ichimoku Bullish Breakout Stock Name - Pidilite Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2826.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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pidilitind#Positional_Equity_Swing_Share
PIDILITIND
Swing Entry: 2762.30
Quantity: 5
SL: Update Soon
#POSITIONAL STOCKThe Stock Pidilitind has given a breakout of the rounding bottom pattern. 2745 is a breakout level. if this level is maintained by the stock for the coming days it will give big targets in the coming weeks/months/year.
This is just my view, Please do your own study before any trade.
Pidilite ready for a new ATHStock Name: Pidilite Industries
View: Very Bullish
Reasons to Trade: Bear Trap on Daily and Weekly TF. Sustaining above the lower line of the channel.
Entry: Above 2695
Target: 3350-3375
SL: Below 2600
RR: 1:7
P.S.: The view shared is for educational purposes only. Kindly consult your financial advisor before initiating any trade.
Pidilite positive trend but need retrachment due to
important ressistance level
rsi trend also negative
Pidilite BullishPidilite trading above the price engagement area rally may continue further till life time high
concentrate if price sutain above 2640 in 4 hrs
Pidilite: Runaway Bullish formation before 10th Aug ResultsPidilite: Runaway Bullish formation before 10th Aug Results
Bullish breakout from a long term rounding bottom formation with very high positive volume.
Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon.
A 6months old resistance line is decisively broken this time, after testing thrice.
Most likely the Q1 result will be a bumper result (on next Wednesday).
Cumulative Open Interest (COI) is pretty high and showing long buildup.
OI data is even interesting. 93K Puts are there at 2600, clearly a support. Out of 93K, 39K Puts are added in last week.
There are good amount of (36k) Calls are added at 2640. All of those people will be trapped once Pidilite stays above 2640 on next week.
Plus: There are 54K calls are written in 2660, out of which 53K is added recently.
Support : 2600 (from OI data)
Resistance : 2660 (from IO data), 2700(from OI data), 2725 (previous swing high in chart).
Pidilitind fib levels for swing trade (learning purpose)Pidilitind fib levels for swing trade, Let the hourly candle closes above the entry point to have a succesful trade
Will Pidilite break the resistance?Pidilite is on the verge of breakout after testing the resistance multiple times.
The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level.
Scenario 1
Once it sustains above 2550 an up move can be expected to the range of 2750.
Scenario 2
In case the stock fails to give a breakout, support is in the range of 2400-2450. An up move can be expected from here after a bit of consolidation.
Please perform your due diligence before taking a trade.
Follow for regular trade ideas and tutorials. Happy Trading:)
[Positional] Pidilite Short IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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PIDILITE TO RALLY FOR 2500PIDILITE swing opportunity
BUY 2350
Stoploss - 2268
target - 2470, 2500, 2525
Time - 5 to 8 Trading days
Pidilite Cmp 2362 dated 21-7-2022Pidilite Cmp 2362 dated 21-7-2022
1. Trendline BO @ 2350
Buy for a tgt of 2420-2450-2530 SL 2300
This is just a view, pls trade at your own risk.
Falling wedge pattern in PIDILITIND.PIDILITIND has been trading in a falling wedge pattern for the past few days in 1D timeframe. And in today's trading session has been given a resistance and take a reversal entry below 2300-2290. And reversal target up to 1915(Support level) after breakdown this support so his short target below 1380-.
10% gain - Target 1 done Since my last post on Pidilite, showing the trend of -25%/+100%, it has given a bounce of over 12% and with the relaxing crude oil situation, it might be a good time to hop in.
Not an Investment advice, only for research purpose.
Watch out for wedge breakout in pidilite Pidilite making a good falling wedge pattern. Look out for sustainable breakout. Levels mentioned in chart. Follow strict risk management.
PIDILITE INDUSTRIES TARGET 1816PIDILITE INDUSTRIES under free-fall zone. If it opens below 1999 and sustains 1985 it will reach 1816
PIDILITE TO FALL 1932 AND THEN 1830Pidilite must go 1932 if day candle close below 1932 then 1750 to 1825 will be Best zone for sure shot reversal
