PIDILITE : Triangular thrustBuy with sl of 1800 closing basis for target of 1950-1965 region ! Be careful as this is the terminal thrust for the current trend.
PIDILITIND trade ideas
Trend-line channel breakout Buy around the replacement towards the trend-line with lower channel line as stop-loss. Expect a up-move in short term.
Disclaimer: This idea shared for educational purposes only!!
[Positional] Pidilite Channel TradeI will skip the buy trade. Not comfortable with longs that breakout in positional. Will do intraday maybe. But will definitely do the short if that triggers.
Note -
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.
=======
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. Please refer to the link to my footer and explore further if You want.
=======
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.
=======
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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
BIGGGG BO in Pidilite IndustriesStock is now trading at lifetime high levels. Stock has been in continuous uptrend from last many weeks , but was facing resistance between Rs 1915-30 from last 5-6 weeks. CMP is Rs 1938 , close above 1945-50 may start a new journey for stock. Fall in Brent crude from USD 71 to USD 64.5 is a big booster for stock , further in case Iran is allowed to sell oil , there will dip Crude , which will definitely trigger a big move. Closing should be watched.
Study 9: Symmetrical Triangle - PIDILITEThis is Just for study purpose. PIDILITE seems to be a symmetrical triangle .
Pidilite Industries buy above 2036 rupees Pidilite industries First Target 2480 second target 2940
long term stop loss 1600, short term stop loss 1800
PIDILITIND - BREAKOUT CONFIRMED (IF SUSTAINS ABOVE 1900)A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
WAIT TILL IT CLOSES ABOVE 1900
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Breakout in Pidilite IndustriesGo long on Pidilite Industries on and above 1892 for which targets are mentioned on chart
Here PIDILITE goes.......TO BREAK THE BOUNDARIES.......This time I bring to you a brand new analysis PIDILITE. Going to break equivalent triangle for the second time on DAILY CHART. On the other hand, Moving Average(44) is also supporting the bullish analysis.
One can look for buying opportunity between 1830-1850.
SL - 1775
TARGET - 1950-1960..........
HAPPY TRADING :):):)
Triangle pattern Should keep a tab on this scrip, high volume with downside rejection - Disc : Not a recommendation
Pidilite Industries 15m time frameIn continuation of my previous analysis, Pidilite had given a break, but since the market was sluggish and volumes were low there was no significant move. Bu the end of the session the trend line has been retested, wait for a clear confirmation or rejection in the line to enter. If there is a confirmation the next resistance should be the target.
Pidilite - Intraday Set up 2The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Pidilite Industries 1h time framePidilite Industry has been moving in a symmetrical triangle, the MA has given a death cross let's see which way does the triangle break.
Pidilitind - Triangle - Trend linePrice taking support from a raising trend line and meanwhile it forms a triangle pattern. one can wait for the break and enter the trade else one can enter long when price reaches the support line with stop loss below it.
About to breakout Previous resistance turn as support
Double bottom pattern
wait to breakout neckline
bullish candle stick pattern
Rsi bullish divergence
PidiliteTaking support at minor demand zone can bounce on hourly some consolidaton can be seen for buy above breakout consolidation
