PIDILITIND Possible breakout

24 Mar

PIDILITIND

Possible break out on the daily chart.
Good above average volume on Friday. Good delivery of 1.7 times vis-a-vis 5 day average.
Price also moved 2.02% giving more confidence on the breakout.
However there is a psychological resistance at around 3000 levels.
We can wait for the stock to close above 3000 and then initiate a trade.

Relative strength showing positive
RSI positive
Supertrend indicating uptrend.