PIDILITIND - chart - 597606
As per current data and charts it looks like PIDILITIND is going into consolidation on hourly charts with support at 1576.60 and resistance at 1635.20.
However, taking long position in PIDILITIND I will only consider if the price sustains above 1602.85 on 5min charts for the target of 1620.05 followed by 1644.85 and 1665.95. Also, if risk permits can hold till 1681.25.
Further, I would consider shorting PIDILITIND if price is sustaining below 1560.45 on 5min charts for the target of 1543.15 followed by 1530.75 and 1521.35.
It would be prudent to wait for the levels to come on PIDILITIND as the stock is going into squeeze on hourly charts.
Will share the trade idea for all segments (FnO and Cash) in PIDILITIND at request only.
P.s.- Please trade as per your comfort and risk.