pidilite looking weak pidilite has given a breakdown of symmetrical triangle pattern
short pidilite at 1390
stoploss 1440
target 1240 & 1100
PIDILITIND trade ideas
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
PIDILIT LONGPIDILIT Industries Long Trade
Levels mentioned in the Chart
On 18th PIDILIT has informed exchanges about investor meeting on 19th , kind of positive.
Expecting a run above 1412.
PidilitInd , Looks weak ahead !!!!Looks week ahead , must go to 1330-40 zone !!! Can follow for latest updates on twitter.
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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Pidilite :Market Structure is the kingDisclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Analysis:
Pidilite looks good to enter around 1367 to 1380 levels for target 1410/1440/1467 with stoploss around 1360.
Live update will be given on TG channel. Ping to get the link.
Thank you,
Kalpana Burman
PIDILITIND triangle patternPIDILITIND is trading in this nice triangle pattern since the first week of April. This pattern was drawn on the daily chart. Breakout/Breakdown can happen in a few weeks, be on the look out for that.
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
PIDILITIND - DOES IT LOOK LIKE CUP & HANDLE + TRIANGLE BREAKOUT?NSE:PIDILITIND
NO NEED TO MENTION ABOUT THE LEVELS.
SUPPORTED BY TRIANGLE BREAKOUT.
MAKES IT MORE CONFIDENT.
ONE OF THE POPULAR PATTERNS.
ONLY FOR EDUCATIONAL PURPOSE.
