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
PIDILITIND trade ideas
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.
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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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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 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 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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