PIDILITIND trade ideas
Pidilitind- Poll and Flag PatternBuy Pidilitind at cmp 1140 and there is strong support at 1120 target 1200++ tf- 5-6 days.
Pidilite - Trendlines and observationsObservations
1. Three different entry points - A, B, C
2. A at 567, B at 753, C at 891.
3. One triangle breakout at 891.
4. All entry points still within the trend
5. Currently inching towards forming a triangle.
6 . 21-Aug is dividend date.
Let's see if it breakouts or not.
PIDILITE CASH : LOOKS GOOD ABOVE 1136PIDILITE CASH
29 JULY 2018
LOOKS GOOD ABOVE 1136
STOPLOSS 1127
TGT 1144-1145/1158-60/1180
CMP 1127
PIDILITE IND LONG TERM BUY 20% UPSIDE POSSBLEPIDILITE HAVE STRONG PRODUCT BASED BUSSINESS,IN MY PERSONAL VIEW IT CAN OFFER AN 20% POTENTIAL UPSIDE.
Pidilite - BUY SHORT TERMPIDILITE
CMP 1123.80
HA Candles broke the resistance line and closed above it.
MACD line is above the signal line and going upwards above 0 line.
The stock is in an upward trend and HA candles is above the 20 EMA which shows positive upward movement.
30-40 points of upward movement can be achieved. It may show strong movement if it crosses 1180-1200.
As of now it's a positve buy.
Pidilite weekly chart... shortLooks like it has consolidated & candle patterns suggest major fall till around 980 once it break 1050
I would place SL at 1100
I am an amateur & my analysis may completely go wrong - would request experts to provide comments
#PIDILITINDTop is confirmed
2 Red Strength Candles (lowest low)
CCI-34 W crosses below 100
The stock to move sideways
unless moves > 1195.40 with strength
PIDILITE IND LOOKS GOOD TO SELLPrice dropped from the overbought area and this is a clear indication that buyers are losing control from top and seller are trying to control the market and we have got our LL/LH formation for a downtrend continuation.
