PIDILITIND trade ideas
Pidilite Trading IdeaPidilite Commodity Cost inflation is a concern for FY19 earnings. If the black line is broken CBSL basis it will be hell run. Meanwhile, I will sell it for intraday if the previous day's low is taken out (Gap down won't be considered; in that case will sell if it comes from above only and aforesaid price.)
PIDILITE-SHORTNegative divergence between Price and RSI. The stock has touched the top of the trend line about 6 times but was unable to cross it. Today it tried a break out but was pushed to the lower end of the channel, with above average volumes. Today it also formed a Bearish Engulfing candle.
Target 1035 and SL is at 1115.
This is a personal view and the sharing is only to seek educational views. Please do not in any manner view this as advise, suggestion or recommendation for any sort of trading, whatsoever.
I am not SEBI registered too.
PIDILITE: Watch & ShortBearish BAT: Last LEG in Progress.
Rest mentioned on Chart.
Education Purpose only.
For trade decision consult with Financial advisor.
PIDILITIND Symmetric triangle breakoutPidilite Industries Limited given good breakout with volumes on daily time frame!! Stock forming symmetric triangle pattern and has broken to upside of the pattern indicating continuation of existing uptrend. Ride for 100 to 120 points upside with stop below 900
pidilitechaneel breakout + at strong ress level.
if sustained above that level will move up else it ll retest the ress level and will come down and the ess level will become support.
Pidilite long term uptrendMACD crossover on 12th Feb and close above Ichimoku cloud upward limit (21st Feb)
Target: Open
SL: 885
Short term correction long term buying opportunityAfter hitting all-time high, the stock has fallen sharply with a big bearish engulfing candle. Volumes were also substantially high. It means a short-term correction is on cards and traders can go short on it. But the long-term uptrend remains intact. Wait for the fresh buying to start before entering on the long-side.
pidilite can see a good downside NEXT MONTH !? might be !!!!!a good downside in pidilite awaiting!!!!!!!!!!!!!!
PIDILITIND:775 A break below the neck line can target:685PIDILITIND:775 A Head & shoulder pattern on wave 5 completion, break below the neck line can bring
down the stock to 685 level.The wave count shows that the wave 3 was extended and hence wave 5 will
almost equal to wave 1 seems to be completed at 868. The stock fundamentally a strong one.
A head & shoulder pattern Break below the neck line targets 685 & It can even correct to wave 4 support level 567 marked.
PidilitIND - Head & Shoulder PatternNSE:PIDILITIND has formed head and shoulder pattern and one can short it below 772.75
T1 - 739.50
T2 - 716.90
SL - 794.20
#PIDILITIND - Rounding top & at imp supportPIDILITIND has formed rounding top formation on a daily chart and is currently at important support level of 775.
Its near its tripple bottom and again taken a support above 775Its having moat business like pidilite,m-seal,dr fixit and others.Its a good short term bet for upside as its again have bounced from its support zone and a good demand comes in at that level.The SL is CBSL type.
Pidilit - Time to go long.NSE:PIDILITIND has formed hammer pattern in daily chart with strong volume.
Go Long above 810
T1 - 824
T2- 850
SL - 783.50
Pidilite - Triple Bottom.Stock Bounced from Triple Bottom.
Took Support & ready for next up move.
During Last 2 Days closed above 50% Fibo.
(From where stock started up move).
Near 100 EMA.
Immediate Targets Mentioned in Chart.
Above 835 Fast Move Towards 851/861/871.
Details Mentioned in Chart.
Pidilite Ind - Breaking to new "All Time High"It has been observed on the Weekly chart that the price action breaks above the strong resistance zone of 830-35, which now indicating a new all time high and also shall further move up.
The company has been working well with strong growth, which also eligible for investing.
Target1: 855
Target2: 865
SL1: 830
