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.
PIDILITIND trade ideas
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.
