Facing Resistance Time to creat Positional Short Trade Creat short position for the Target of 1127-1092
PIDILITIND trade ideas
Bearish Flag Breakout - Continuation Pattern - Risk Reward 1: 3Sell Pidilitind below 1101.85
Stop 1127.50
Target 1025
Risk 2.33% & Reward 7%
Riks Reward Ratio 1: 3
Bear flags are favored among technical traders because they almost always lead to large and predictable price moves. Like all continuation patterns, bear flags represent little more than a brief lull in a larger move lower. Indeed, in many cases, the flag pattern will actually take shape in the middle of the ultimate move lower.
SELL PIDILITE IND FUT 1140 - 1150 . S.L - 1210 TARGET 1050STOCK TOUCH THIRED TIME IN RESISTANCE LINE BUT UNABLE TO BREAK THAT RESISTANCE LINE & DAILY CANDILSTICK IN BERIESH PATTERN FORMED AND SUPPORT TREND LINE ALSO BREAKED AND CLOSEED BELOW THAT LEVELS. SO TAKE SHORT POSITION IN THIS STOCK....
IF YOU TRADE IN FUTURES YOU WILL BUY CALL OPTION FOR HEDGE YOUR POSITION...
SELL NSE:PIDILITIND
BUY CALL OPTION ASPER YOUR RISK TAKING CAPACITY.....
NOTE : DONT CARRY OVERNIGHT FUTURE POSITION WITHOUT OPTION HEDGEING......
Sell PIDILITINDPidilitind is looking good for a short trade as per the targets.
option sellers should buy a put on every rise.
all the best
PIDILITE.. 1200..TOP formed???Pidilite has tested 1200 multiple times ..has this formed a long term top???
Pidi-lightanother one with all obvious things to happen. the question is will it make or break !!! right on the verge, next few days are gonna be interesting.
PS: ignore the smile :P
PIDILITE..TRIPLE TOP??Pidilite might be forming a triple top.. an ideal stock to short it..
It failed to cross the top the 3rd time..
note: analysis is my personal view only..
feedbacks are welcome..
Pidilite Positional Buy" Margin trading is NOT recommended. Do your own analysis before initiate trade."
Buy Below 1163
Target 1290
Stop Loss 1026
Duration 15 Trading Days
Pidilite Industries: Is this another Wyckoff Stopping Action ?Have a look at the price action in volume signature highlighted in the chart. Am watching this stock with interest if there is a turnaround in price at prior resistance. Interesting case study for sure !!
PIDILITIND PIDILITIND BUY @T ENTRY : 1195
STOP LOSS : 1127
TARGET 1 : 1212
TARGET 2 : 1217
TARGET 3 : 1229
TARGET 4 : 1263
