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.
Trade ideas
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 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.






















