PIDILITIND - 30MINS ANALYSIS

PIDILITE INDUSTRIES #PIDILITIND

- MOVING IN A DESCENDING CHANNEL.
- TAKING SUPPORT FROM TRENDLINE.

INDICATORS:
RSI - AT 50-LEVEL AND IS SIDEWAYS
CVD - NEUTRAL
TT2 TREND- BEARISH IN 30MINS AND DAILY

COMMENTS:
1. SELL WHEN TRENDLINE IS BROKEN WITH VOLUME AND CONVICTION
SL 1390
TGTS 1357/1346

2. BUY WHEN UPPER CHANNEL (RED) IS BROKEN (~ 1390)
SL TRENDLINE + BUFFER
TGTS UPPER TRENDLINE/1419

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.