PIDILITIND trade ideas
Pidilite Industries - Positional Call #1Triangle Breakout and strong support at the lower end. Likely to move upwards in a parallel channel if support level stays strong.
Analysis only for educational purposes.
Descending Pidilite, Increasing !Stock in a descending channel pattern but Rsi has picked up at the support level and stock can attempt a minor pullback on the upside.
Pidilite Industries LtdBuy signal generated on Pidilite industries
Entry Point 1328
Target 1440
Happy Trading!!
Double Symmetrical Breakout for Swing Hey Guys,
Go Long only after trend confirmation. Today it gave a triangle breakout
Pidilite has formed a symmetrical triangle pattern twice and broke both the patterns.
Points to consider.
1. RSI crossed 60 good for going long side.
2. We got a good volume break out today.
3. Strong trend line support.
4. MACD crossover.
5. OI is Built upon the long side.
#Trade as per your appetite. Do your own analysis before taking the trade.
Stay tuned for updates
Pidilite medium term view RRR 1:2#pidilite buy above 1475, SL 1357 T 1710
Risk:- 118 Rs Reward:- 235, RRR 1:2
Time Frame:- 6 months to 1 year
PIDILITIND, BREAKOUT POST 4 MONTHS (CHART# 297)PIDILITIND has given bullish breakout along with good volume today from a trend line which is running from March'20.
Above 1445 this should be a good momentum for long run.
Kindly track NIFTY as well to ensure we have trend along with us which will further increase our probability of setup. A simple price action study of NIFTY suggest along with Fibonacci that 11100- 11150 is strong resistance area and till then we can have this bull run.
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Piyush Gupta
Pidilite - Stick to it - LONGProfits will stick to those who stick to Pidilite. Afterall, the company manufactures Fevicol!. The Price action has an almost perfect setup for going long - double bottom, consolidation, a nice rejection candle with a long tail. Technical indicators are positive too - RSI Bullish Divergence among other indications. The blue horizontal lines are Gann Levels - an indicator that I published and use extensively for finding S/R levels. Will go long above !400. There is a trend line resistance at 1424.5 which is also a key level for W confirmation. Targets are 1456 and 1480
Pidilite - Breaking downtrend? Everyones Favourite Adhesive company. Had been an a short term downtrend. Can it be breaking out of that now.
Long above 1450.
SL: 1390.
Synergistic Pattern: Advance (W+Flag) + Support on EMA 300Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 1400
SL: 1340
Target: 1590
RR: 3.16
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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PIDILIT INDIA - LONG TRADE*educational purpose only
price tested support zone of symmetrical triangle , may be a bullish move from here
Pidilite analysis for future weeksLet's see if it completes the ascending triangle in the hourly time frame.
Will short when the pattern breaks.
The first target is 50% retracement of the symmetrical triangle.
The final target is 100% retracement.
PIDILITE Looks Interesting Pidilite is in Demand Zone Can pull upside till 1560 Zone. Expecting breakout above today's high
Pidilite Indicating fresh Buying opportunity (Long Positional)After long consolidation, Pidilite is looking decent at these levels and hopes that the stock might test its previous swings as indicated in the chart. Act on the levels as indicated in the chart with proper entry rules and SL as indicated with proper risk management. The above levels are cash levels and for positional purpose only.
Pidilite : Looks like LDPidilite would be interesting to watch from here. Looks we have a leading diagonal and now a bounce from here may turn out to be impulsive move.
Bullish crossover Pidilite have bullish crossover can buy at current price and target is 1440 sl 1366
PIDILITE INDUSTRIES Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
