Pidilite to show a downfall soonPidilite Industries Futures Chart
Logic to take the trade
Break of trendline
Break of support
Price below 200 EMA
TARGETS 2270
STOPLOSS 2440
Key stats
Volume
—
Current contract
PIDILITINDH2023
Contract size
250
Pidilite Cmp 2225 dated 31-5-2022 W patternPidilite Cmp 2225 dated 31-5-2022
1. Perfect W Pattern on chart.
2. BO above 2240
Buy for a tgt of 2280-2350 SL 2160
This is just a view, pls trade at your own risk.
Pidilite Industrie FuturePidilite Industrie Future
CMP:- 2482.50
SL Below:- 2361.25
Targets above:- 2569.00
A strong bullish daily candle which does resemble a Bullish Engulfing pattern.
The candle has stood strong above the 20 EMA which acts as a support here.
RSI has a sharp bullish reversal and has breached the 50 lev
PidilitInd: Good Risk/Reward Setup CountrTrend Reversal TradePidilitInd is trending in uptrend but it seems to be exhausting slowly at higher levels and ready for reversals. Reversal would be confirmed only when Hourly candle closes below 2180. Till Then we will wait.
Short Sell PidilitInd strictly below 2180 with SL 2188 Target open.
Disclaimer :
Tr
PIDILITIND FUTURE SWING VIEWPIDILITIND FUTURE chart is forming CUP WITH HANDLE pattern. If Breakout neckline and hold. it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 1584 (DCB).
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