PIDILITIND trade ideas
Pidilite Industries Ltd. - DAILY CHART VIEW!!#PIDILITIND
Pidilite Industries Ltd. has broken out of important level of resistance, RSI 50+ & surging
If the stock can give weekly close above 1450 & then sustain above , it can eventually move towards 1530,1580 & 1710.
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PIDILITIND forms parallel channel Trend is down so expecting price to give breakdown. Go short once support line is breached and get confirmation
If it takes support go for long but with less target of profit as trend is down
Disclaimer: Analysis in charts are only for educational and information purpose only. Invest or Trade at your own risk management.
SWING TRADE #1 PIDILITE IND.Consolidating at 38.2% retracement level, crossed above level, also hammer at the bottom seems bullish indication, crossed 20 days ema but still below 200 days ema.
looks bullish on chart and can be considered as swing trade.
important levels are
entry range : 1380-1390
stop loss : 1360-1365
target :
first : 1450
second : 1490-1500