SWING IDEA - PIDILITE INDUSTRIES

PIDILITE INDUSTRIES looks good for a swing trade. This stock is a fundamentally strong and is now available at a discount as per technicals.

The Reasons are listed below :

Strong support at 2250-2300 levels.
Formed a strong bullish engulfing candle on weekly timeframe.
0.382 Fibonacci support.
Broke falling wedge pattern i.e a bullish sign.
Holding onto 2450 levels from last 2 weeks.

Target - 2735 // 2918
SL - 2300 on closing basis

Not

Currently, the stock is up by 4% from our buying price.
HOLD !!

Not

We are up by 7.2% from our buying price. We can hold this for target.

İşlem kapandı: hedefe ulaştı

first target is done.
got 11%+ in this trade.
we an hold for further targets.

İşlem kapandı: hedefe ulaştı

2nd target achieved - 20%+

Not

price is holding above the previous swing, we can hold our trade.
Keep trailing.

Not

This week's candle closed above the recent swing.
Momentum seems strong, we can hold this.

Not

24% ++ achieved

Not

stock has breached the previous high and is ready for a new higher high

Not

ACHIEVED 27%++

Not

Made a high of 31%++

Not

trend intact, hold!

Not

Consolidating !

Not

all time high weekly close

Not

Achieved 35%++

Visionary_Growth_Insights

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

Visionary_Growth_Insights