A strong demand is identified in this stock at 2300 levels...
facing resistance at 2800 levels...
Price is ready to breakout from this resistance levels...A traingle pattern is detected in this stock..
if price breaks this range will get sharp moment to the upside...taken the trendline support multiple times...if price breaks the bullish trendline will look for...
my view on PITILITE to get in to go long at the trendline as per given limited rist of last swing/trendline breakdown.
RSI 40 on support daily timeframe and last day green candle gives long singnal
DISCLAIMER: above is my own personal view only for study purposes.
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 ! ! !
PIDILITIND 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.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult...
🔴DISCLAIMER
***** 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...
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.
DATE: 25.04.21
INSTRUMENT: PIDILITIND
TIMEFRAME: DAY
TREND: BUY
CMP: 1783
BUY ABOVE: 1784
SL: 1750
TGT 01: 1805
TGT 02: 1822
TGT 03: 1839
DISCLAIMER:
WE ARE NOT S E B I REGISTERED ANALYSTS. PLEASE CONSULT YOUR PERSONAL FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT RESPONSIBLE FOR YOUR PROFITS/LOSSES WHATSOEVER.
Intraday Cash Buy PIDILITIND @1480.00-1488.5 SL 1459.8 TGT 1532
Reason:
#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
