PIDILITIND trade ideas
Clean Breakout can Happen after Continuous Downtrend!Continuous trading in a range from few weeks.
Any time sudden profit booking may happen with that a good breakout can be seen from this Triangle pattern.
Let it Break!
Pidilite 08-07-2020 Intraday/Swing trade setup Pidilite is on Bullish trend as of now.
Moving with in ascending channel pattern , if tomorrow will on same momentum than only this setup will work.
Targets
T1-1407-1409
T2-1415-1418
T2-1425-1428
Invalid below support level which is 1395-1385 (SL for Swing trade).
Pidilitind Daily Analysis_01/07/20a. Zone: Strong Bear
b. Resistance 1: 1398.55
c. Resistance 2: 1406.85
d. Support 1: 1348.75
e. Support 2: 1332.15
NSE:PIDILITIND
Feviiiii Kwik - The ultimate adhesive (PIDILITIND) SwingCMP : 1398
SL : 1375
Target : 1497
1:4 risk reward trade setup
My favorite RSI bullish divergence, fingers crossed :)
PIDILITIND Swing Trading!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
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symmetrical triangle patternIt wont give breakout soon, it will take some time. Keep it in your watchlist.
Pidilite - Critical SupportThis channel has held since many years now..Its back at the channel bottom..
Watch for 1330 or worst case 1200 (if there is a correction from here in markets) where it becomes a very interesting buy.
Keep on watchlist...Its been a historical market fav.
pidilite looking weak pidilite has given a breakdown of symmetrical triangle pattern
short pidilite at 1390
stoploss 1440
target 1240 & 1100
Pidilite: waiting for a breakout, coming soon!Wait for a breakout and trade on the breakout as well as the re test!
If it breaks on the short side, the trade will become a trade on the short side!
Pidilite - is it forming M PatternAs seen in Daily Chart, M Part formation can occur which can give target of 1275 or below....do watch out in coming days...Also volumes have increased since its starting its journey downwards
Pidilite IndStock is bit under pressure and facing resistance around 200 SMA. If 200 SMA is breached we can see accelerated momentum on the upside guys. Keep on radar.
Pidilite Industries - Value Areas & Support ResitanceI have identified the key price value areas on the daily chart.
1400 is the control price over last few days.
The stock is trading at a key price rebound level of 1390.
1385 is a clear Support which has seen tails getting rejected sharply from this level.
The stock has also taken resistance from the control price indicate Bears are taking control.
However there is no clear Excess or Tail on the upside of the value area to indicate a downward move.
So, watch out for a clear break below 1385 to take Short positions.
Targets can be 1370 and 1350 with SL at 1400.
Bullish Harami Cross Pattern Formation
The bullish harami cross pattern has been formed on the daily chart of Pidilite Industries. The stock is in a downtrend and this candlestick pattern formation gives a clear idea of the stock getting to be bullish. The swing or positional trade can be initiated accordingly.
Trade Plan:
Buy Above 1448
Stop-Loss: 1385
Target: 1535, 1584, 1712
