PIDILITIND 4HRCONFLUENCE OF DAILY & 4HR Bearish BUTTERFLY + SHARK
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
PIDILITIND trade ideas
PIDILITIND ::: LONGDATE: 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:
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Pidilite is at historical support.Pidilite is at historical support. One can buy now. Target 1950. Holding time 1.5 months.
Exit if trend line is broken. Marked the possible price movement in chart.
PIDILITE ( DAILY ) - Box BreakoutBox Breakout
Volume > Average on breakout
Stochastic turning from oversold
RSI = 55
< 20% Selling wick
Breakout after Retracement
Buy above 1843
Pidilite Ind = Buying opportunity arriving in few daysSupport is placed at 1660, Flag pattern observed from 1842 to 1663, managed to breakthrough and created a high at 1928.50, and now the correction is on the way, which seems to end near 1775 - 1730 levels. One must observe for good convincing signals around those levels for buying opportunity.
Good Upside movePidilite is going up with strength and accumulated volume, Can give targets of 1840 and above.
Pidilite AnalysisPidilite is very good momentum stock. It has its own pace. Trying to test the all time highs. May give upside of 60-70 points.
Pidlite Short term trade 3-4 days holdLets see if tred line break then all targets to be completed in next 2-3 days
PIDILITE DAILY TimeFramePIDILITE on a DAILY Timeframe
Pidilite is forming a symmetrical triangle of Daily Timeframe.
Pidilite Industries - Intraday Trade SetupPidilite Industries CMP - 1726.85
Looking bearish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets
Sell at or Below 1722 ONLY / Stop Loss 1732
Target 1 - 1714
Target 2 - 1704
Target 3 - 1694
Disclaimer: This is my view and for educational purpose only.
Forming a cup with handle pattern . Watch until breakout happensAbout to form a Cup with handle pattern within next few hours. If breakout happens , get ready for long position according to your capital .
PIDILITIND 4HRBEARISH DEEP CRAB@1.902XA formed at DAILY BUTTERFLY ZONE Strong Zone
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
