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Bullz_Eye

Pidilite seems bearish!

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PIDILITE INDUSTRIE (NSE:PIDILITIND)  
Bullz_Eye  
NSE:PIDILITIND   PIDILITE INDUSTRIE
Trend Analysis Chart Patterns Parallel Channel
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trendanalysis chartpattern parallelchannel
Pidilite is in a rising channel and is now close to it's lower TL, having faced multiple rejections from higher price levels. If the lower TL is broken, one can go short and expect to see 1616 and even 1608 levels to be tested in the coming days.
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