Possible upside potential upto 2060 before 20/01/2021
if it breaches, 1752 by or before 28/12/2020
During this period:
Immediate support would be 1625
if it gets into consolidation, then range would be 1574-1630
Strong bottom support: 1480
Only an educational view
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY BETWEEN 1575-1565 FOR TARGETS OF 1600/1620/1640 SL: 1545
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
- PB : PULLBACK
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Intraday Cash Buy PIDILITIND @1480.00-1488.5 SL 1459.8 TGT 1532
#1. Above VWAP
#2. TK cross over
#3. Break resistance 1426 and around second resistance 1496 once break can see more upside
#4. cloud break out on 30 min chart
PIDILITE on daily chart taken a goods support and showing reversal.
Whats looks interesting here is the price and volume movement at its support level one can check the chart and observe the same.
There is nothing too much complicated here everything is just nice and simple as I expected.
For positional traders its looks bullish on daily chart...