Pidilite Industries Limited (PIDILITIND) Stock - Complete Technical Analysis - Sep 03, 2024

Pidilite Industries Stock Analysis Technical Indicators, Support

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Pidilite Industries Limited (PIDILITIND) is currently trading at 3,174. The stock's technical indicators suggest a bullish sentiment with notable support and resistance levels to watch. Key support levels are positioned around 3,120, which aligns closely with the Volume Weighted Moving Average, and 3,080, reflecting past price action. On the resistance side, the price faces notable resistance at around 3,217, near the recent high, and 3,268, as per the Classic Pivot R1.

In terms of technical indicators, the MACD is showing bullish momentum with the MACD line above the signal line. The RSI is comfortably positioned, indicating strength without showing overbought conditions. The Stochastic Oscillator is near the overbought zone but not extreme, suggesting a potential continuation of the bullish trend. The ADX, however, indicates a weak trend strength, which could imply some volatility or consolidation.

The presence of the Three White Soldiers pattern suggests a strong bullish continuation. Moving averages such as the EMA and SMA are all trending upwards, supporting the bullish outlook. The Hull Moving Average, a more responsive indicator, is higher than the current price, suggesting potential resistance around 3,152.

Overall, PIDILITIND appears to be in a bullish phase with a potential for higher price movement, but traders should keep an eye on resistance levels and monitor for any signs of reversal or consolidation.