PIDILITIND trade ideas
PIDLITIND Hammer Pattern formed ..Short term bullishPIDLITIND hammer pattern formed in daily Chart.
Short Term Target : 1578,1599,1627
SL:1520
PIDILITIND CASH : LOOKS GOOD ABOVE 1580.10PIDILITIND CASH
04 FEB 2020
LOOKS GOOD ABOVE 1580.10
STOPLOSS 1565
TGT 1594-1595/1608/1620
CMP 1557
PIDILITIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
DIVERGENCE IN 4 HOURLY CHARTS - PIDILITE INDUSTRIESThere was a negative divergence been seen in the stock Pidilite industries that shows a probable fall in the stock in the near future trading sessions.
Pidilite industries has crossed all time highPidilite industries crossed all time high and broken upward trend line and now in uncharted territory. I m buying for 8-10% of gain may be 20-25 working days....
MACD is also supporting the buying thesis...
Pidilite Industries - Signs of topping up can be seen.Pidilite Industries has been rising up for some time, looking at open interest data some indication of top formation can be seen.
Sell below : 1443 Stop Loss : 1449 / 1455 (depending on your risk appetite)
Targets : 1434 - 1432- 1421 - 1411
Low risk trade would be to sell 1480 call above Rs. 16-17/- with a stop loss of 22/-
As there are only two weeks to expiry, Call Premium will erode faster even if price does not fall much.
Please don't take this or any suggested trade blindly, consult your financial consultant and carry due diligence on your own.
Consider hitting the like button below this chart, if you find it worth, you may also follow me for more of interesting ideas / suggestions.
i2gain.
Cup and Handle on a daily candlestick It has completed a cup and handle chart pattern. If the price breaches 1425 then it will confirm a breakout. An upside of 100 point is expected on the breakout which is equal to depth of a cup
Short sell set up One can look for entering on Brake of the entry level and look to book near forecast
Pidilite Industries AnalysisThis scrip might move towards 1425 --> 1431--> 1439, where 1431 and 1439 are critical resistance. The critical date 2nd of January 2020(+/- 24 hrs) can change the minor trend. The support points will be updated later.
To join my TG, please ping me personally.
Regards,
Sharma Yogesh
