PIDILITIND trade ideas
Positional Trade in PIDILITE1380-1390 is a strong demand zone. Once it will manage to trade above 1340 then it may test next supply zones as per the chart...
Is Double Breakout Signal > 200 EMA ?Pidilite gave 2 confirmation for a breakout on 2 different Trend lines with Volumes and RSI rising.
This could very well be a false signal and trap buyers in intraday as the stock closed below touching 200 EMA.
Crossing it will activate the trade. Until then it's bearish.
Levels are given on the chart.
Stay Safe & Trade Safely. :)
PidiliteStock is facing resistance around its 200 SMA on daily chart. It is trading below its key moving averages. Expect it to go below 1200 in a medium term. View negated if breached 1450
How Support and Resistance of Fibonacci Levels - Pidilite IndJust posted chart for learning purpose, please note the retracements levels bounce from key levels.
How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement
After Forming W Pattern at bottom, confirming through RSI Divergence,
1) First Retracement to 38.2% levels, then came down
2) again found resistance at 38.2% levels
3) third time broke 38.2% level as it got weak and got resistance at 61.8% level
4) Retraced to 50% level and bounced back to break 61.8% level (perfect price action)
5) Formed double top pattern at 78.6%
6) stock fall downside back to 38.2% levels and retraced to 50% levels (perfect price action)
7) Again retracing and finding resistance at 38.2% level
Happy Learning
PIDILITE INDUSTRIES Buy if it sustain @ 1422-1428 level for the upcoming targets of (1445-1453) / (1487-1495) / (1494-1500)
Pidilite...... short trade There is Bearish divergence on hourly chart right at the resistance zone & also there is a break of uptrend line. one can go short on any retracement. targets & stoploss mentioned on chart.This is just my view.... trade according to your own risk management.
Pidilite looks bearish will watch for few monthsPidilite looks exhausted fir and big upside move.
Continue negative divergence on monthly basis.
It will a good time to sit with cash and watch for few months.
Bearish formation!!
Buy Pidilite Industries for long termBuy Pidilite Industries for long term.
Great Earnings and Strong Performance by this Stock.
Bullish on weekly chart.
Buy- CMP
Target- 1670, 1800, 2000
stoploss- 1300
Thank you,
Vishwajeet Sharma
PIDILITE is back!NSE:PIDILITIND
Looks like pidilite is earning its buyers back. If we look at last 6 months. This is the pattern.
Pidilite - Long Position (2:1) risk reward ratio!Just simple Chart analysis. Let's watch out in the coming week.
Pidilite Industries- My first trading ideaHello everyone, I am Kalpana Burman , this is my first trading idea on this platform. Please do like, follow and support me so that I can work harder and give better ideas to this community. Also, please feel free to engage in the comment section.
Analysis:-
As this stock has retraced at 61.8% from its low, this can act as strong resistance for the stock. For upside, the stock has to move above 1520 levels and hold above it for 1603 levels.
Plan A for upside - Wait for decisive breakout and hold above the resistance line.
Plan B for the downside - Wait for a small swing towards previous recent high around 1520 levels and then the breakdown of the channel. Or simply wait for the breakdown of the channel. We will look for divergence in the RSI as well. The easy target is 1427 level and if goes below that then 1328 is achievable. If rejected at resistance, aggressive traders can enter with proper stop and protected trade setup.
Thank you, please do support.
~ Kalpana
Short sell set up Hello Traders , I am updating this short sell set up , just taking a time to explain what i mean short sell set up ,
Any pattern in the market which repeats itself has a specific characters in it , those visual information gives an indication of what will occur next ,
but they only work 80 % of the time , so another 20 % of the time they extend by few points or by few % in the preceding direction before they make an final termination
so i always wait for confirmation on those patterns which are tricky in nature , I go blind on patterns which do not have tricky behavior in their formation ,
so here i have made a small efforts in giving an explanation on charts what to look for before you take a decision of trade
01) is pattern completed its move ?
02) did you see a reversal or price rejection confirming your forecast of trend termination ?( you personal analysis including all kind of indicators you are using )
03) Do you have plan to trade it ?
04) Do you have identified stop price before entering the trade ?
05) what are the action course once the trade is engaged? How to move the stop to cost or brake even ?
When you are set all with this then you are good to take a trade with reasonable degree of risk in live trading season
What i see is most even dont know what they are doing ? and why they are doing ? they follow some telegram channel and they enter only to take 80% of their trade to stop or loss booking
So people make yourself more knowledgeable and learn basics to better and make your gains in trading
Good luck
