PIDILITIND trade ideas
PIDILITDAfter analyzing PIDILITIND's stock, there are indications that a potential breakout may occur in the near future
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
PIDILITE INDPrice has an established long term up-trend.
As per its pattern in the entire up-move, prices have taken support at the 23.6% FR Level.
The Monthly RSI has also bounced from its Oversold zone.
On the Daily Chart, price has broken out of a consolidation, which suggests resumption of longer term up-move.
We cannot define a proper target, but for a start, we can expect a new all time high at the least.
Rising wedge pattern reversal in Pidilite Industries Pidilite Industries
Key highlights: 💡
✅On 1 week Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3000+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2298-.
STOCKS TO KEEP ON RADAR FOR UPCOMING SESSIONSNSE:PIDILITIND
Stocks to keep on the radar for upcoming sessions.
1. Pidilite
2. Axis Bank
3. OFSS
4. PEL
5. MFSL
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
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Keep Learning,
Happy Trading!
6th April, 2023 - PIDILITIND (Intraday Trade) #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 6th April, 2023
2. The analysis for the Intraday Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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PIDILITE INDUSTRIES - DESPERATE TIMES !As you can see, PIDILITE INDUSTRIES is at a major support level .
Will it maintain support?
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Case - 1: If the price breaks above R1 - Rs. 2370, then we will see an upside in the stock.
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Case - 2: If the price breaks above S1 - Rs. 2260, then there will be further downside will be expected.
In such a scenario, the price will fall to S2 - Rs. 2175, as denoted by the Harmonic Pattern.
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Pidilite Cmp 2351 dated 6-3-2023 Rectangle BOPidilite Cmp 2351 dated 6-3-2023
1. Rectangle Consolidation
2. BO above 2355
Buy above 2355 for target 2380-2425-2440-2460 SL 2300
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.