PIDILITIND - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.5

Here’s a detailed technical breakdown of Pidilite Industries Ltd. (₹2,893) based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Bearish with potential for reversal

Price Action: Trading below both 50-DMA (₹2,989) and 200-DMA (₹2,973) — signals downward bias.

RSI (34.1): Approaching oversold territory — early signs of reversal.

MACD (-37.2): Negative crossover — confirms bearish momentum.

Volume: Well below 1-week average — suggests weak participation and indecision.

📈 Moving Averages

Indicator Value (₹) Signal

50-DMA 2,989 Bearish (Price < DMA)

200-DMA 2,973 Bearish (Price < DMA)

📉 Momentum Indicators

RSI: 34.1 — bearish, nearing reversal zone.

MACD: Negative — confirms downtrend.

Bollinger Bands: Price likely near lower band — potential support forming.

🔍 Volume Trends

Current Volume: 1.67 lakh

1W Avg Volume: 2.63 lakh

Interpretation: Low volume during decline — suggests lack of conviction.

📌 Support & Resistance Zones

Level Price (₹)

Support 1 2,850

Support 2 2,800

Resistance 1 2,989 (50-DMA)

Resistance 2 3,050

Resistance 3 3,150

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,800–₹2,850 (if RSI stabilizes)

Exit Zone: ₹2,989–₹3,050 (near resistance)

Stop Loss: ₹2,770 (below key support)

🧭 Conclusion

Trend: Bearish with early reversal signals

Momentum: Weak, but oversold indicators emerging

Recommendation: Cautious approach — wait for RSI bounce and MACD flattening. Ideal for contrarian entry near ₹2,800 with tight stop loss.

You can explore live technical charts and signals on TradingView’s PIDILITIND page or Moneycontrol’s technical dashboard

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