PIDILITE INDUSTRIES LTD

Long

SWING IDEA - PIDILITE INDUSTRIES

By Visionary_Growth_Insights

Updated

PIDILITE INDUSTRIES looks good for a swing trade. This stock is a fundamentally strong and is now available at a discount as per technicals.

The Reasons are listed below :

Strong support at 2250-2300 levels.
Formed a strong bullish engulfing candle on weekly timeframe.
0.382 Fibonacci support.
Broke falling wedge pattern i.e a bullish sign.
Holding onto 2450 levels from last 2 weeks.

Target - 2735 // 2918
SL - 2300 on closing basis

Note

Currently, the stock is up by 4% from our buying price.
HOLD !!

Note

We are up by 7.2% from our buying price. We can hold this for target.

Trade closed: target reached

first target is done.
got 11%+ in this trade.
we an hold for further targets.

Trade closed: target reached

2nd target achieved - 20%+

Note

price is holding above the previous swing, we can hold our trade.
Keep trailing.

Note

This week's candle closed above the recent swing.
Momentum seems strong, we can hold this.

Note

24% ++ achieved

Note

stock has breached the previous high and is ready for a new higher high

Note

ACHIEVED 27%++

Note

Made a high of 31%++

Note

trend intact, hold!

Note

Consolidating !

Note

all time high weekly close

Note

Achieved 35%++

Visionary_Growth_Insights

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