Inverse head and shouldersInverse head and shoulders in pidilite. Weekly chart let's see complete or not
PIDILITIND trade ideas
Pidilite - Cup & Handle Formation
PIDILITE IND LTD (JULY23 - CMP RS 2662.80)
Cup Pattern
#Phase1 - saw a sharp down move from Dec22 to Jan23
#Phase2 - Formed a slow base between Jan23 to Apr23
#Phase3 - From May23 - Jun23 it steadily moved up
When you add up the 3 phases - the Cup Pattern is visible in the Price Action.
Handle Pattern
#Phase4 - Between Jun23 and Jul23 the Price of Pidilite underwent the next small phase of correction
Phase#5 the Stock price saw a gradual upmove.
When you look at the full move of #Phase4 and #Phase5 - it resembles the Handle of the Cup
The Cup & Handle is a bullish continuation pattern which means that it is usually indicative of a future increase in price once the pattern is complete. Willing Buyers take exposure after the formation of the Handle is complete and push the Price upwards.
If the Pattern is successful, the Price can be expected to rally towards the life time highs of Rs 2918.95 implying a potential 9.6% up-move from the CMP of Rs 2662.80 as on July 21, 2023. The Price appreciation could play out over the next 3-4 months.
Looking Bullish Pidilite is looking Bullish after healthy correction on weekly chart.
This is educational purpose only
Morning Star on PIDILITE INDPIDILITE Industries' daily chart shows a Morning Star candlestick pattern, finding support at the 50 EMA and the Fibonacci 61.8% level. The 14-period stochastic oscillator indicates an oversold condition and recent reversal, confirming a potential uptrend ahead. Bullish signals suggest positive price movement.
Buy at Market, Target at 2700, Stop Loss at 2550
pidilite pidilite is on its best level. very nice place to buy with small sl for long term. sl 2348. its for long term.
PIDILITE INDUSTRIESA cup with handle has formed a daily chart like a copy book in PDILITE industries and the cup with handle has broken out with volume. When PIDILITE INDUSTRIES retests 2570-2600 RS level then we can plan a safe entry in it by placing a stop loss of 2496Rs. We can see the target 2760 2900 3080 3170 & above.
*Do your own research, this is not my recommendation*
PIDILITE INDUSTRIESA cup with handle has formed a daily chart like a copy book in PDILITE industries and the cup with handle has broken out with volume. When PIDILITE INDUSTRIES retests 2570-2600 RS level then we can plan a safe entry in it by placing a stop loss of 2496Rs. We can see the target 2760 2900 3080 3170 & above.
*Do your own research, this is not my recommendation*
PIDILITE INDUSTRIESA cup with handle has formed a daily chart like a copy book in PDILITE industries and the cup with handle has broken out with volume. When PIDILITE INDUSTRIES retests 2570-2600 RS level then we can plan a safe entry in it by placing a stop loss of 2496Rs. We can see the target 2760 2900 3080 3170 & above.
*Do your own research, this is not my recommendation*
SHORT📍 PIDILITIND 📉 📉↘️pidilitind structure is good for short selling
He rejected form strong resistance lavel and any my analyse says down side move expected 📉📉📉📉↘️
📍Any person buy this stock sell this laveles
{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 ! ! !
long position on PIDILITINDMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
PIDILITIND CONOLIDATION BREAKOUT SOON!!The price consolidating itself near demand zone from a very long time. Price respects the support level of 2240 and takes support & moved towards upside to the breakout level. If price breaks the levels of 2355 and closes than we can expect good upmove in coming days.
#PIDILITIND📊
👉Keep in watchlist
👉Breakout Possible above 2855+ Close
👉Support At 2240
👉Good Consolidation near Demand Zone.
👉Above Breakout , Good move possible towards upside.✅🎯
Pidilite :: Trying to BreakoutStock Trying to cross the falling trendline with good volumes. Keep a wathc
Good accumulation in pidilite stock and can fire up anytime ....buying above this zone is good because it is showing good constantly increase in delivery percentage ...
long position on PIDILITINDMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Bearish flag pidiliteBearish flag below the 200 dma. Pidilite is consolidating at 2300 which is a strong support. And break below can take it to 2000 which is the next support.
Execution - take in the money calls at 2400 as they are cheap on iv basis. 2400 puts at 100. Stop loss at 2360 which would be 50 bucks. Target of 2100 or above the next logical support shown on the chart.
PIDILITIND : Strong support zonePIDILITIND is trading in box range since long time and near strong support.
Good RR if we have breakout of Box range.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
PIDILITE: Bullish BATPIDILITE: Bullish BAT
PRZ 1: 2094.62
PRZ 3: 2153.94
Note: Created for testing pattern..
PIDILITE INDIA, ANALYSIS!!a monopoly stock, with great returns in a year, is the greatest thing to have.
a detailed analysis is written down:
firstly , the red trend, is the original trend past corona crash.
now since the markets had become bullish post corona crash, it has formed a new trend, and that is drawn by dark black line. the red line resistance, has now become support of stock.
after the rally, markets were consolidated, and the stock was moving sideways. then came the june- sept rally 2022, since then markets got consolidated, and became volatile.
since then from 3 months, stock is forming a good traingle pattern, there could be a breakout.
moving to next point,
since the stock is bottom of its trend, this makes sure that is in its support zone, a good pullback was show today.
RSI ANALYSIS: average time of stock's rsi moving is from 50-70. currently the stocks rsi is 50, this says that unless there is a bear market for pidilite, the stock is bottom off. this again shows a bull move, coming.
i predict that, if volume not supporting the price, and if INDIA'S bear market for shorter term, continues, stock could fall further, but since the stock has been mostly bottomed out then if stock started showing a positive move, then one can take some swing positions, and may exit around 2800. if it breaches the 2600 support of traingle formation, then i see downside till the 2500.
i hope that stock would move about 7% upward.
PidilitePidilite CMP 2592
Aggressive players can buy here.
Safe players buy above 2620
SL Below 2540
Target 2730/2800/2900
Positional / Swing
Pidilitepidilite broke out of strong resistance zone of 2717-2722 with decent volumes.
Could be bought with mentioned stoploss & targets.
