PIDILITIND trade ideas
Intraday Trade: watch for resistance breakoutbuy pidilitind above 2160 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
JUST STICK TO IT WITH "FEVIQUIK"So strong the "FEVIQUIK" bonding that the whole mkt. seems to be bonded with it. Why u want to be exception? Just stick to it if not yet then when? TGT? Just crossed one minor hurdle(.618 fib) after a brief consolidation for last 10/15 days.Now wait and watch how beautifully it carries u alongwith it with a feeling of ONENESS. STOPLOSS?:According to ones own method/comfort Disclaimer:-This is my personal observation and it is not a product promo-ha ha ha.I personally may or may not be in the stock. Use your own faculties to judge efficacy.
PIDILITE LOOKS WEAK BELOW 2100The stock has formed the Dark Cloud Cover Pattern on the daily time frame and if it sustains below 2100 may test marked levels on the chart until 2160 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
swing trade in PIDILITIND buying range 2080-2130
support 2070
Target - 2200-2300
All breakouts and targets are mentioned on the chart.
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Also, comments your views on this.
all the above analysis is my own, if anybody keeps an different opinion can also share.
trade on your own risk, analysis is just for educational purpose.
Thank you.
PIDILITE WON'T GIVEUP WITHOUT A FIGHT👌#45 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls, dabur , tata power.
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