Good Upside movePidilite is going up with strength and accumulated volume, Can give targets of 1840 and above.
PIDILITIND trade ideas
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
PIDILITIND Daily Bearish Butterfly
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying.price need to follow Green Trend line & hit target , If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Pidilte { 15 M Long }Broke resistance in D frame & following RETEST THEORY in 15m tf.Rest is as per chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Pidilite is back in actio Previous Weekly chart parallel channel has again a mew entry this week. Lets see if it travels along the same trend.
