***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
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DISCLAIMER :- This Channel Is For ( EDUCATIONAL PURPOSES )
PIDILITE INDUSTRIE - Negative
RSI - 37.69 - Enter once it reach 60
MACD - Downtrend
Below 50 Day Moving Average - Enter only at 2420 Levels only
Support levels - 2291 & 2161 & Above Support Level 2330 & 2361
Pidilite is 10 points away from its resistance breakout, i think it will break resistance of 2418.
Aggressive traders can buy @ cmp 2409 with sloss of 2384 & tgt if it breaks 2418 thn 2450.
Safe traders wait for breakout.
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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