Pidilite - Cup & Handle Pattern!!!Pidilite Industries has broken cup & handle pattern. looking for a target of 3400+. Other factors:
1. MACD has become positive
2. RSI is above 60; showing bullishness
3. Fundamentally, highest TTM sales and profitability
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Chipka le Saiyan Fevicol Se - sahi se chipak jaoPidilte fut is making higher highs/lows on daily charts & it made descending triangle pattern on an hourly chart with decrease in OI suggesting shortcovering.
Although it didnt gave breakout yet but i am pre empting that it ll.
Could be bought here or on breakout of 2711 with mentioned stoplos
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.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for PIDILITE INDUSTRIE FUTURES is Dec 31, 2020.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell PIDILITE INDUSTRIE FUTURES before Dec 31, 2020.