Bullish on Pidilite Broke High of Red volume Engulf candle by current candle
Selling Pressure is absorbed by current green candle
Disclaimer : it's my personal view, do your own analysis before taking any trade
Pidiliteindustries
{PIDILITE}:{SHORT for 3:1}
Price has reacted to a Monthly Supply (Left Side) to reach The Fresh Monthly Demand, basically this is a PPullback before the Upward Impulse, still the Reward to Risk ratio is favourable hence shorting,
The Exit is @ Monthly Demand Entrance so Exit on Time is as critical as the Entry,
ENJOY THE RIDE ! ! !
PIDILITE Trade setup Idea for 09 September, 2022PIDILITE has been performing quite well.
It recently took the support at the 2800 levels and rebounded beautifully back to 2869.
We can go long once the stock crosses 2875, with a stop loss of 6 and a target of 2900.
PIDILITE INDUSTRIESfevicol is forming head and shoulder pattern in weekly time frame we can accumulate puts in 2200-2250
#Pidilite #Pullback #StrategyPidilite simple pullback
Tgt 2520 SL 2400 buy at CMP 1:3 targets. Reason - Days Res to 50SMA
PIDILITIND Ltd - Perfect breakout from channel Pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
PIDILITIND Looking Good For SwingWhat we believe in :-
°Trade With Logic
°Take Time Before Investment
Saving Your Capital 🙂
I'm not responsible for your profit or loss.
Mainly Stock & Crypto Investor 🕵️| Interim Trader 📊
DISCLAIMER :- This Channel Is For ( EDUCATIONAL PURPOSES )
PIDILITE INDUSTRIE - Dont PIDILITE INDUSTRIE - Negative
RSI - 37.69 - Enter once it reach 60
MACD - Downtrend
Alert
Below 50 Day Moving Average - Enter only at 2420 Levels only
Support levels - 2291 & 2161 & Above Support Level 2330 & 2361
