Pidilite is on the verge of breakout after testing the resistance multiple times.
The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level.
Scenario 1
Once it sustains above 2550 an up move can be expected to the range of 2750.
Scenario 2
In case the stock fails to give a breakout, support is in the range of 2400-2450. An up move can be expected from here after a bit of consolidation.
Please perform your due diligence before taking a trade.
Follow for regular trade ideas and tutorials. Happy Trading:)
The range of 2530-2550 acted as resistance for this stock multiple times in the past and there is a good chance of breaking it to reach it's previous ATH level.
Scenario 1
Once it sustains above 2550 an up move can be expected to the range of 2750.
Scenario 2
In case the stock fails to give a breakout, support is in the range of 2400-2450. An up move can be expected from here after a bit of consolidation.
Please perform your due diligence before taking a trade.
Follow for regular trade ideas and tutorials. Happy Trading:)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.