Pidilite Industries Ltd Technical AnalysisPidilite Industries Ltd Technical Analysis
Since inception, Pidilite Industries Limited, together with its subsidiaries has been a pioneer in consumer and industrial speciality chemicals in India.
PIDILITIND trade ideas
PIDILITIND - Bullish Shark - PositionalPIDILITIND - Bullish Shark
PRZ 1189-1187 SL 1154 T1 1222 T2 1255
CMP 1220.95 Date: 06/24/2019 @sashameel
Educational Purpose...
If it breaks the resistance 1195 it will come down to 1160Stock @ resistance zone , If it breaks the resistance 1195 it will come down to 1160
Pidilite IndustriesPrice is in an up-trend, and the current correction (expected to be a counter trend movement) is at a demand zone. Price is expected to find some strength and bounce back in the coming weeks to 1250!
Pidilite Buy At CMP 1200 For 1300-1350 Pidilite has come to important support and fibbo level for upside movement. Expecting bull rally for 1300-1400 Targets.Risk Reward Ratio is 1:2
Long view on pidilitePidilite looking strong managed to closed above 200 DEMA wid high volume
Rsi macd confirmed the bullishness
Will see 1200 level soon
Pidilite Weekend StrategyShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PIDILITINDPIDILITIND
BUY @t ENTRY : 1122.35
STOP LOSS : 1101.00
TARGET 1 : 1123.35
TARGET 2 : 1126.00
TARGET 3 : 1134.00
TARGET 4 : 1145.00
In action zone - Bullish Short termPrice very close to Support level giving an excellent entry opportunity with high RR ratio.
RSI taking support at 40 and bouncing off
Momentum is increasing with Impulse turning Blue from Red
One can look to stay long until the price crosses the upper Kelter.
PidilitInd, 50 DMATwo successive divergences pulled the price down to 50 DMA. Big profit was booked by the smart traders. Please note that correction has not happened due to change in trend. Now technical support comes in the range of 1044 to 1065, that is around 50 DMA. We expect price to take some time at this range consolidating before gaining further bullish momentum. A good stock to hold onto for long term.
