Pidilite - Will this fail this time?Buy on touch to weekly 20 EMA with stop loss below last touch low. Check since August 2013
PIDILITIND trade ideas
Pidilite seems bearish!Pidilite is in a rising channel and is now close to it's lower TL, having faced multiple rejections from higher price levels. If the lower TL is broken, one can go short and expect to see 1616 and even 1608 levels to be tested in the coming days.
BuyBuy 50 % @ CMP and rest 50 % in dip around 1620 with sl below 1570 on hourly closing basis for targe of 1770-1810.
Disc : It's not an investment advise to buy or sell.
#PIDILITEOur all time favorite monopoly business stock witnessed a fresh breakout this week. Can be accumulated for long term. This is one of the safest stocks in market these days.
Pidilite TFW BO - LEARNING ONLY NO TRADEPidilite is breaking the upper trendline on weekly time frame, one may go long.
THIS IS ONLY FOR EDUCATION
I MAY OR MAY NOT TRADE
PIDILITIND, READY TO BLAST, 3 FACTORS AGAIN (CHART# 384)3 Patterns/Factors mentioned on chart. Above 1610 (1605 for risky players), this can blast tomorrow.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Buy Pidilite IndustriesBuy Pidilite Industries...if 1 Hour Candle Sustains above 1587 then Buy call can be intiated with Stoploss of 1550 and Target should be above 1620 or All time high..
Its a Symmetrical Triangle
PIDILITIND | Mini flag opportunity for 7%PIDILITIND | Mini flag opportunity for 6%
Consider happily averaging if comes near 1555 level. Stoploss is same for everything
CMP : 1589 (Dip upto 1555)
SL : 1540
Target : 1695
Simple 1:2+ risk reward setup.
