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Unite Technologies Financial

19th Aug · SEBI-Registered Analyst

Technical Analysis Pidilite Industries

The stock

PIDILITIND
is showing a strong bullish trend on the daily chart. After forming a major bottom around ₹1250–1300 in April the stock has given a strong recovery with consistent higher highs and higher lows. The breakout above the ₹1550–1600 zone was supported by strong price momentum confirming buying interest. Support & Resistance immediate support is around ₹1620–1600 followed by stronger support near ₹1550–1560. On the upside ₹1680–1700 is the immediate resistance zone while a sustained breakout above ₹1700 can open the way towards ₹1750–1800. Short-Term Outlook: The setup remains bullish, but the stock has moved up sharply and may see some profit booking. Fresh buyers should preferably wait for a pullback towards ₹1620–1600 or a strong breakout above ₹1700 with volume. Existing holders can continue holding with a trailing stop-loss around ₹1550. A close below ₹1550 would weaken the current bullish structure.

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