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...
pidilite a largecap company is currently breaking out of its consolidation range.
The momemntum is positive and pline is golden and thus pidilite may outperform market in coming days.
entered at the breakout
Pidilite Industries Limited is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY products and polymer emulsions in India.
Most of the products have been developed through strong in-house R&D. Our brand name
Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted...
PIDILITE INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3130+.
✅Can Go Long in this Stock by placing a stop loss below 2820-.
NSE:PIDILITIND
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for...
Broke High of Red volume Engulf candle by current candle
Selling Pressure is absorbed by current green candle
Disclaimer : it's my personal view, do your own analysis before taking any trade
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...
A fundamentally very strong stock coming near its support be watch for price action near its support. These types of monopoly stock created wealth in the past.
I will look for price action from this range if i get one big elephant candle i will buy for long term.
further information will available in comment.
Pidilitind forming double bottom on 1 day time frame.
Giving breakout above 2796 level.
Looking tgt 2840-2860-2900++
in very short term.
Keeping on radar Pidilitind 2800 CE
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
