PIDILITIND trade ideas
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
Pidilite Industries Trend Analysis !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for 2nd entry setup, if available then Long/short.
R:R is 5 to 10 times.
Pidilite AB=CD Pattern EmergingPidilite should test 1380-1400 levels before moving downwards!
P.S.: Still a novice at this - please do your own research before taking this trade :)
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.
Fevicol bada lamba tikta hai.. lets seeShort entry 1375-80 zone.. today's high will be sl (1390)... target box given in chart.
This is not any tip.. this is just my view.. think twice and study yourself before taking any risk.
Ready to short PIDILITEAs the chart suggests, there is a distribution phase has been started in Pidilite Industries. Lets wait for the confirmation to break below the levels shown in the chart as the volumes are decreasing interestingly day by day and if the Index slips back in the territory of 10800, we may see good corrections in this stock, However the stock is in bullish tone and will be buy on dips for long term bet.
