#PIDILITIND CASH : LOOKS WEAK BELOW 1550 AND GOOD ABOVE 1600.1#PIDILITIND CASH
11.01.2020
LOOKS GOOD SELL BELOW 1550.10
STOPLOSS 1574
TGT 1520-1524/1501
(ALL LONGS ONLY ABOVE 1600 FOR 1618-1620/1644 SL 1575)
CMP 1572
PIDILITIND trade ideas
PIDILITIND is Ready to RallyThe NSE:PIDILITIND has broken two resistances upward indicating bullish trend upcoming.
The breakout is accompanied by a large volume.
The MACD is bullish.
The Risk-Reward ratio is greater than three.
[Turtle] Pidilite 1600CEClosed yesterday's trade in profit and rolled to options.
Sold 1600CE at 48.35
Breakout did not sustain and will not sustain and US Hurricane effect is/was temporary
[Intraday] Pidilite Short IdeaAs per the charts
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.
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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. Please refer to the link to my footer and explore further if You want.
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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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Pidilite - Bullish BreakoutNote: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with ultra high volume. Moreover, RSI above 65 indicates bullish momentum.
PIDILITE SWING??NSE:PIDILITIND
The stock looks bullish and a break of 1514 can confirm the same. Targets are 1550 / 1584
(ALWAYS TRADE BASED ON YOUR OWN ANALYSIS, USE OPINIONS ONLY AS REFERENCES)
PIDLITIND LONGA decisive break above 1503, stock might make a move towards 1513/1518
Stop Loss : 1492
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Intraday (23-10-2020) - PIDILITINDintraday levels for 23-10-2020. Retest towards channel lower limit (buy levels) should be vigilantly monitered
PIDILITE INDUSTRIES(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout
Reasons To Trade🤔 :- Weekly Resistance + Triangle Breakout, Big Candle + Volume Confirmation, Stock In Weekly Uptrend + Above 200DMA.
Entry :- 1520 - 1530
Stop Loss :- 1472
Target :- 1669
(Risk Must Be Managed.)
Keep Your Eyes On Index
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--Any Suggestions--
PIdilite medium term View #pidilite1/Price correct upto 61% start maaking HL & start HH ,HL making in small swing.
2/divergence confirmed bottom made.
3/Entry above blue line
4/sl below recent consolidation
5/recent bullish candel start showing stength
Shor term - PIDILITINDOption sellers may find shorting call options a probable trade. Keeping 1510 as stop loss, selling call option is a probable trade.
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## Pidilite ##Buy pidilite within 1456 to 1465 with a stoploss of 1410 for a target of around 1500..1530..1550++
