**Pidilite Industries Ltd Technical Analysis**
Here is a professional summary of the technical chart for **Pidilite Industries Ltd**:
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**Pidilite Industries Ltd Technical Analysis**
The price action of **Pidilite Industries Ltd** (NSE: PIDI) is currently trading at ₹3,270.80, showing a steady uptrend with recent gains of +1.15%. The chart highlights several key levels based on Fibonacci retracement and technical indicators.
- **Support and Resistance Levels:**
- **Immediate Resistance**: ₹3,525.00 (0.00% Fibonacci level).
- **Key Support**: ₹3,056.30 (38.20% Fibonacci level) and ₹2,911.50 (50.00% Fibonacci level).
- **Strong Support Zone**: Around ₹2,766.75 (61.80% Fibonacci retracement).
- **Trend Analysis**:
- The stock has been in a consolidation phase around the ₹3,000 to ₹3,300 range but shows signs of breaking out above the resistance levels marked by the upward green arrows.
- **Final Target**: If the price continues its upward movement, a target around ₹3,525.50 is projected, as per the chart analysis.
- **Moving Averages**:
- The 50-day and 200-day moving averages are currently offering support, indicating a bullish trend.
- **Volume Trends**:
- The volume profile suggests an accumulation phase, with higher trading activity around critical support levels. Breakout volume surges could lead to stronger upward movement.
- **Partnership Announcement**:
- A noteworthy fundamental update highlighted is Pidilite's exclusive distributorship of CollTech's product range in India, which may positively influence the stock by increasing its footprint in the electronics industry.
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**Disclaimer**:
*This chart and analysis are for study purposes only and should not be taken as investment advice. Please consult your financial advisor before making any investment decisions.*
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**Pidilite Industries Ltd Technical Analysis**
The price action of **Pidilite Industries Ltd** (NSE: PIDI) is currently trading at ₹3,270.80, showing a steady uptrend with recent gains of +1.15%. The chart highlights several key levels based on Fibonacci retracement and technical indicators.
- **Support and Resistance Levels:**
- **Immediate Resistance**: ₹3,525.00 (0.00% Fibonacci level).
- **Key Support**: ₹3,056.30 (38.20% Fibonacci level) and ₹2,911.50 (50.00% Fibonacci level).
- **Strong Support Zone**: Around ₹2,766.75 (61.80% Fibonacci retracement).
- **Trend Analysis**:
- The stock has been in a consolidation phase around the ₹3,000 to ₹3,300 range but shows signs of breaking out above the resistance levels marked by the upward green arrows.
- **Final Target**: If the price continues its upward movement, a target around ₹3,525.50 is projected, as per the chart analysis.
- **Moving Averages**:
- The 50-day and 200-day moving averages are currently offering support, indicating a bullish trend.
- **Volume Trends**:
- The volume profile suggests an accumulation phase, with higher trading activity around critical support levels. Breakout volume surges could lead to stronger upward movement.
- **Partnership Announcement**:
- A noteworthy fundamental update highlighted is Pidilite's exclusive distributorship of CollTech's product range in India, which may positively influence the stock by increasing its footprint in the electronics industry.
---
**Disclaimer**:
*This chart and analysis are for study purposes only and should not be taken as investment advice. Please consult your financial advisor before making any investment decisions.*
Disclaimer
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