PIDILITIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of Pidilite Industries Ltd (PIDILITIND)

📊 Trend Overview

Current Trend: The stock is in a neutral to mildly bullish phase, trading just above its 50-DMA (₹3,052) and 200-DMA (₹3,000), suggesting a potential base formation but lacking strong momentum.

52-Week Positioning: At 54.6% of its 52-week range (₹2,620 – ₹3,415), the stock is mid-range, indicating partial recovery from lows but still below its peak.

📈 Momentum Indicators

RSI (46.0): Slightly bearish. Below 50 implies weak buying interest, though not oversold.

MACD (6.34): Mildly positive, suggesting early bullish crossover but not yet strong momentum.

Volume: Current volume (6.03L) is significantly above the 1-week average (2.97L), indicating increased participation—potentially signaling accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock is hovering near its moving averages, showing indecision. A breakout above ₹3,100–₹3,150 could trigger bullish continuation.

Support Levels

₹3,000 – 200-DMA and psychological support

₹2,950 – recent swing low

Resistance Levels

₹3,100–₹3,150 – short-term resistance zone

₹3,300–₹3,415 – 52-week high zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This suggests low volatility and potential for a breakout if volume sustains.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 2,980–3,020 Near support, favorable risk-reward

Exit (Short) 3,100–3,150 Resistance zone, potential profit booking

Exit (Long) 3,300–3,415 If breakout sustains above ₹3,150

🔍 Market Behavior

Trending: Not strongly. Currently consolidating near key averages.

Consolidating: Yes, price is range-bound with neutral indicators.

Reversing: Not yet. MACD and volume suggest potential for upside, but RSI remains weak.

🧠 Summary

PIDILITIND is technically stable but lacks strong momentum. It’s consolidating near its moving averages with volume picking up. Traders may consider accumulating near ₹3,000 with tight stop-losses and watch for a breakout above ₹3,150 for confirmation of trend continuation toward ₹3,400+.

Let me know if you'd like a sector-wide scan or peer comparison for adhesives and chemicals.

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