Swing trade- Pidilitind

Technical Analysis:

Price action analysis of PidiliteIndustries (PIDILITIND) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. 

Buyers are extremely bullish on the stock.ADX buy sell signal for PidiliteIndustries stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for PidiliteIndustries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.PidiliteIndustries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Volume Weighted Averaged Price (VWAP) for short term is 2507 and PidiliteIndustries PIDILITIND stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

Our buying level is 2508.. 

Iniatal target 2540,2580...

If sustained above 2600  on weekly basis close then it can be touch 5000 level...

Risk Management:

• Determine how much capital you're willing to risk on the trade.
• Set stop-loss orders to limit potential losses. we aleardy shared in our premium group...2465 (accumulate zone)..
• PROS
  
  
  Company is almost debt free.
  Company has been maintaining a healthy dividend payout of 41.4%..
  CONS
  
  
  Stock is trading at 17.2 times its book value.
  
  
• Market Cap

  ₹ 1,29,786 Cr.

  Current Price

  ₹ 2,552

  High / Low

  ₹ 2,796 / 2,250

  Stock P/E

  86.2

  Book Value

  ₹ 148

  Dividend Yield

  0.43 %

  ROCE

  23.8 %

  ROE

  18.7 %

  Face Value

  ₹ 1.00