PIDILITIND trade ideas
#PidilitInd Swing TradePidilite Ind. Level to be in focus for Long @ 1181-1166, Stop loss will be @ 1160.
Target will be Reward:Risk 2:1
Exit level strictly followe by R:R ratio.
If underlying will breach upward side of 1239 level so next level will be possible @ 1260, and 1290 is a strong Resistance.
LongI am still looking this could move up for one more impulse with its extended wave , this has very high probability of move up for
T1-1335, and if moved fast without any pause or weak price action , it will have follow through in next candles and possibly
it will make through T2-1380
for Fresh entry i have mentioned in chart , with pre-defined stop , buy on reversal candle
PIDILITE INDUSTRIES LONG IDEASPidilite Industries we already seen a very good rally in stock.
If it continue its trend then it should move above 1313 level with
good volume breakout in 5 min or 15 min candle then we can see some upside
level 1342-1356 as per given in chart.
I'm only sharing my ideas for educational purposes.
PIDILITE - WILL THE ADHESIVE GIVE OFF?DOJI HAD FORMED AT 1098-1128. MULTIPLE TOPS AT 1296 FOR THREE CONSECUTIVE DAYS IS SEEN.
ON BREAKING LOWER SIDE (1098) TARGETS ARE 1280 AND 1210.
ON BREAKING HIGHER SIDE (1130) TARGET UPTO 1440 IS ESTIMATED.
MY OBSERVATION IS IT WILL COME DOWN.
REASON IS HOURLY CHART AND 4 HOUR CHART PATTERNS.
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.