PIDILITIND trade ideas
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.
PIDILITIND | Enter on PullbackPidilitInd short position was created at previous minor swing target of 1.618 at 1192. Now It can retest 1126-1135, where one can take entry for short side and can again go long from 1100 level for Target 1250
PidiliteInd, BreakoutI covered this stock 3 times earlier. On Friday price made a surprising move, broke out of the range taking support at 1060. Now holding on to 1100, bulls may push the price towards 1200+.
Pidilite, ConsolidationThis is what I wrote on 20th May: Now bulls will find it tough to clear up the resistance level of 1128-30. Today price came down from exactly the same level. (This chart of TradingView is not up to date). Now it can slip towards 1165-62. Trend is mildly up in the short term. Profit booking pulling the price down. Long term outlook is up. Wait for correction to finish.
Pidilit Ind, ConsolidationI covered this stock at the time of breaokout. Since then price has made a vertical move. For last one month price is consolidating due to big upside and development of a negative divergence. Now bulls will find it tough to clear up the resistance level of 1128-30. If they can do, it will be a nice breakout, second in the line, again. Expecting more days of consolidation. As per range of products are concerned and marketing, the company stands of solid footing. Kind of monopoly.
Shorting time nearIf you see yellow marked portion in chart, price has increased day by day but volume is reduced day by day which is not co-relating. STOC is also ranging in same area for last from 3rd Apr nearby 100, RSI is surely going up but two bearish follow though candles can bring down this stock in near term.
Pidilite, Harmonic, Double TopFourth leg of Harmonic has been completed and a Double Top pattern has been in place. It is also possible that a breakout from the earlier high is taking place. A great stock. It enjoys almost a monopoly. Corrections are to be bought in.
PIDILIGHT INDUSTRIESBUY PIDILIGHT ABOVE 910
STOP LOSS OF 895
TARGET 966
TIME FRAME 5 TO 10 DAY'S
ON DAILY CHART STOCK FORMING " W " PATTERN IF STOCK TRADED ABOVE 910 AND 911 AND SUSTAIN THEN THERE WILL BE HIGH PROBABILITY TO TOUCH THE LEVEL OF 966 AND ABOVE
BUY Pidilite Industries CMP 823 SL 810 Target above 1000, 1200Looking Good for LONG with small SL
CMP 823 SL 810
Target 1000, 1200
3 Months
PIDILITIND might break the rangeGood possibility that it will break the range and move upward.
Targets 710 and 730
PIDILITE INDUSTRIES 5-3 PATTERN ASCENDING FLAGLONG PIDILITE IND @735.....WAIT FOR BREAKOUT...AFTER BRAKOUT WAIT FOR RETESTING AND THEN TAKE ENTRY....TARGETS WOULD BE 770 AROUND....
