PIDILITIND trade ideas
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.
PidiliteFor last one year the level of 1200 is posing as a strong resistance for the bulls to breakout. Now one more attempt-- this being the fifth. A successful breakout will take price to new height. On the OI Table, 1200 has the highest Call OI -- total 151500 shares. Put support lies at 1100 which has a small amount of OI position--total 23500 shares.
[Positional] Sell Pidilite Sideways Trend Pidilite is in Sideways trend and it is unable to break the upper range. You should sell it tomorrow if it breaks PDL or You can also blind sell it the moment it gives a spike upside. I will not keep any stop loss.
Also, the primary compound - Vinyl Acetate Monomer is also shooting up; so there is no breakout possibility from Pidilite as of now.
PIDILITE Short TradeShort 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.
