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 "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!!
Pidilte 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 stoploss & target. Very good risk:reward ratio
Pidilite Ind on daily charts forming cup & holder pattern. The stock maintain support at its long term trendline. Thus, above 2650 the breakout will be confirmed for an upside movement of 150 points.
Pidilite Industries Futures Chart Logic to take the trade Break of trendline Break of support Price below 200 EMA TARGETS 2270 STOPLOSS 2440
Pidilite 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 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 level.
PidilitInd 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 : Trading is never ever recommended as it is injurious to mankind....
PIDILITIND has given Upside breakout after 4 days of Consolidation.
PIDILITIND 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).