Pidilite Industries: Paint your world
For a year, Pidilite Industries stock was in consolidation. Even during the market downturn, the stock is able to sustain a higher price range and as per technicals, it is showing strength.
(Click to enlarge)
After impressive Q3 results, the stock came into the radar of many investors as well as traders. Looking at weekly chart stock, it is on the verge of the positive break out. Short to medium term investor and break out traders can make use of this opportunity.
Risk control is must for long term wealth creation and hence it is important to make sure that position sizing is appropriate before entering this trade. One can use Rs.505 as the lower level to calculate the number of shares to be bought, and price movement up to new 52 week High can be expected.
Information presented in the above article is available in public domain and it should not be treated as “Research Report”
Registration Status: I am not a SEBI registered Research Analyst.
As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI
“Any person who makes the recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in PIDILITE IND.