PIDILITE IND LTD (JULY23 - CMP RS 2662.80)
Cup Pattern
#Phase1 - saw a sharp down move from Dec22 to Jan23
#Phase2 - Formed a slow base between Jan23 to Apr23
#Phase3 - From May23 - Jun23 it steadily moved up
When you add up the 3 phases - the Cup Pattern is visible in the Price Action.
Handle Pattern
#Phase4 - Between Jun23 and Jul23 the Price of...
PIDILITE Industries' daily chart shows a Morning Star candlestick pattern, finding support at the 50 EMA and the Fibonacci 61.8% level. The 14-period stochastic oscillator indicates an oversold condition and recent reversal, confirming a potential uptrend ahead. Bullish signals suggest positive price movement.
Buy at Market, Target at 2700, Stop Loss at 2550
A cup with handle has formed a daily chart like a copy book in PDILITE industries and the cup with handle has broken out with volume. When PIDILITE INDUSTRIES retests 2570-2600 RS level then we can plan a safe entry in it by placing a stop loss of 2496Rs. We can see the target 2760 2900 3080 3170 & above.
*Do your own research, this is not my recommendation*
A cup with handle has formed a daily chart like a copy book in PDILITE industries and the cup with handle has broken out with volume. When PIDILITE INDUSTRIES retests 2570-2600 RS level then we can plan a safe entry in it by placing a stop loss of 2496Rs. We can see the target 2760 2900 3080 3170 & above.
*Do your own research, this is not my recommendation*
A cup with handle has formed a daily chart like a copy book in PDILITE industries and the cup with handle has broken out with volume. When PIDILITE INDUSTRIES retests 2570-2600 RS level then we can plan a safe entry in it by placing a stop loss of 2496Rs. We can see the target 2760 2900 3080 3170 & above.
*Do your own research, this is not my recommendation*
pidilitind structure is good for short selling
He rejected form strong resistance lavel and any my analyse says down side move expected 📉📉📉📉↘️
📍Any person buy this stock sell this laveles
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 ! ! !
The price consolidating itself near demand zone from a very long time. Price respects the support level of 2240 and takes support & moved towards upside to the breakout level. If price breaks the levels of 2355 and closes than we can expect good upmove in coming days.
#PIDILITIND📊
👉Keep in watchlist
👉Breakout Possible above 2855+ Close
👉Support At 2240
👉Good...
Bearish flag below the 200 dma. Pidilite is consolidating at 2300 which is a strong support. And break below can take it to 2000 which is the next support.
Execution - take in the money calls at 2400 as they are cheap on iv basis. 2400 puts at 100. Stop loss at 2360 which would be 50 bucks. Target of 2100 or above the next logical support shown on the chart.
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...
