Price at Resistance in PIDILITINDPrice is currently at Resistance in PIDILITIND. Wait for reversal or breakout confirmation to take position .
If resistance break with breakout candle ( Good volume and big body candle) go long . Else if it reverses go for short but no large target as trend is up .
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
PIDILITIND trade ideas
Pidilite showing an up movePidilite has been idlying for a while where 3 months return stand at only 5 %. Stock has consolidated and now showing signs of breakout. In a swing trade target can be taken at 1514 with support at 1375.
RSI is looking strong at 60 with MACD line moving northwards. A beautiful chart.
Note - No recommednation or suggestion. Please do your own Analysis. Please consult your financial advisor before investing in stock markets.
[Turtle] Pidilite Pair TradingSelling 1400PE of Pidilite to compensate the extreme moves of Asian Paints.
Pidilite's main ingredient comes from Vinyl Acetate Monomer, a derivative of crude oil.
Asian Paint's main ingredient also comes from Crude oil.
So adding as a pair trade to this strategy -
Shorting PE means bullish view.