PIDILITIND trade ideas
PIDILITIND, Swing trade opportunityPIDILITIND is trading toward lower end of channel which it has been following for more than a year. Any upmove in stock from bottom of channel should push it toward upper band of channel.
Position to be made only when stock start making higher high from bottom of channel.
Go Long on pidilite industries with 1249 as sl for 1:2 or 1:4 RRPidilite industries is go long at cmp 1291 with 1249 sl we can target 1:2 to 1:4 of risk reward ratio. Today it had=s taken support at the trend line and has also made a double botom which gives an early indication of an upmove
Pidilite Trend line support and Natural Support zone.Trend line and Support zone area 1285-1305.
Can give good return if close above 1310.
SL can be 1279 on closing basis.
PIDILITE near demand supply zonePidilite near demand supply zone and also near to trend line support. Keep in Radar
FiboZone Pivot Point study This study based on Febo Zone Pivot point
PP= Pivot Point
S1= Support1
S2=Support2
R1=Resistance 1
R2=Resistance2
SB1= Support Bond 1
SB2=Support Bond2
RB1= Resistance Bond1
RB2=Resistance Bond2
Looking very weak Big faill might be duePIDILITEIND have been under the blanket while whole market was on strong uptrend. Now that markets have come to a short term pause, but this stock still looks more weak
Setup mentioned in chart
Keep on watchlist and trade based on opportunity and market conditions
PIDILITIND Still sticking to the trend?PIDILITE INDUSTRIES: The stock has recently rendered itself into sideways moves. The prices on the daily charts have drifted below the KS & TS lines, moving towards lead line 2 where it may find support. Breaking below it will not be favorable for the stock in the short term. It may further fall down to 1295 thereafter 1195. The momentum indicators are indicating weakness. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
pidiliteBest entry at below 1300, Especially 1280 strong suport,
Fundamentally strong company,
1400 trg -1
1500 trg-1
1540 trg-3
6 months max holding
Price range consolidation in PIDILITINDNet volume says +ve momentum on this stock , can buy on break out.
if volume goes down with price breaking down can go short
PIDILITIND (Pidilite Industries Limited) SELL BELOW 1345PIDILITIND (Pidilite Industries Limited) SELL BELOW 1345
