Pidilite Industries Limited, is an Indian adhesives manufacturing company.It also sells art material, construction chemicals and other industrial chemicals. It manufactures products which can be segmented into consumer products: art materials & stationary, publications, food & fabric care, car products and adhesives & sealants, specialty industrial products: industrial adhesives, industrial pigments, industrial & textile resins and leather chemicals. Pidilite markets the Fevicol range of adhesives. Its other brands are FeviKwik, Dr. Fixit, Roff, Cyclo, Ranipal, Hobby Ideas, M-seal and Acron.
SHORT TERM PERSPECTIVE
|Company||Pidilite Industries Ltd.|
|Stop Loss (SL)||Rs 1390|
|Time Horizon||2-4 Weeks|
After Intermediate and short term trend is up in this stock. The stock has made a hammer after its down move which is a bullish reversal pattern. The stock has made a breakout upwards from a channel that it was trading in. It has also started making a higher top and higher bottom formation which is bullish in nature. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs. 1430-1435) With a stop loss of Rs. 1390 on closing basis for the target price of Rs 1520-1560. Time frame should be 2-4 weeks.
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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