Description
⋅ 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 Comment
⋅ Currently, the stock is up by 4% from our buying price.
HOLD !!
Comment
⋅ 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%+
Comment
⋅ price is holding above the previous swing, we can hold our trade.
Keep trailing.
Comment
⋅ This week's candle closed above the recent swing.
Momentum seems strong, we can hold this.
Comment
⋅ 24% ++ achieved
Comment
⋅ stock has breached the previous high and is ready for a new higher high
Comment
⋅ ACHIEVED 27%++