PIDILITIND trade ideas
WATCHOUT FOR CHANNEL BREAKOUT A Good correction can be seen in PIDILITE since the month of JAN.
the stock has been respecting the channel indicating a trend reversal.
the stock can be bought at current levels with a SL OF 2293 for a shorterm target of 2500 and further of 2600 and above.
pidilite has also taken support from 200 ema on daily TF
Also the stock is trading at a discounted price and its good to add in portfolio.
************************PLEASE FOLLOW RISK MANAGEMENT***************************************************
Pidilite looks good here to be added for short termWatch the stock for a trend line breakout. Should achieve targets as per levels mentioned on the chart. Above analysis is purely mine and is meant for educational purposes only. Follow a strict stop loss of 2288 after initiating a trade at this level.
EVERGREEN Stocks _ available at "Nothing to loose Zone" !!!!Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone .
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300.
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and strong support around 3550-3500.
-: NSE:ABBOTINDIA - available @17380 and strong support around 16000-16300.
-: NSE:HONAUT - available @40360 and strong support around 38000-40000.
-: NSE:RELAXO - available @1222 and strong support around 1130-1160.
-: NSE:VINATIORGA - available @1860 and strong support around 1780-1730.
-: NSE:ALKYLAMINE - available @2982 and strong support around 2950-2800 hardly 100 rupees risk.
-: NSE:APLLTD - available @725 and strong support around 660-720 less than 50 rupees risk.
-: NSE:HLEGLAS - available @5400 and strong support around 5300-5000 less than 4% risk.
-: NSE:SUPPETRO - available @665 and strong support around 600-620
These all are investment grade stocks which will surely compound your capital more than 25%.
"HAPPY INVESTING"
Pidilite Industries - Short OpportunityShort Opportunity-
Pidilite Industries has formed Inverted Cup & Handle pattern, which indicates that there will be bearish movement expected. This stock retest at neckline Rs. 2384.00, if this stock first candle closes below Rs. 2384.00 level then we can enter this stock. The CPR is narrow and at the downside. Also, MA is headed to the downside. The CCI is near -100.
But we have to be curious because the international market is bearish and very volatile. Let the market settle and only then we can enter.
Pidilite India - Short OpportunityShort Opportunity -
Pidilite has made the head and shoulder pattern, but the pattern is yet to complete. It has strong support on rs. 2423.70. If this stock crossed this level and retests it, there will be a strong bullish movement we can expect. The CPR is narrow and at the downside and CCI is near -100 level, so both indicators are indicating a downtrend. But be cautious before taking any call as the market is very volatile and nowadays it is giving movement in an opposite direction. Give them time to settle the market and then we can enter.
PidiliteImportant Investment levels in case of Crude price pressure...
Fundamentally very good stock. Keep accumulating...
Study based on purely technicals....
For clarity have marked on weekly charts.
Lets Revisit this chart every week...
Will update more info as the movement happens in comment section..
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