Pidilite Industries Limited has broken the
ceiling of the falling trend in the medium
long term, which indicates a slower initial
falling rate. The stock has broken an
inverse head and shoulders formation.
A decisive break, preferably with increasing
volume, is considered a confident signal of
the start of a rising trend. The stock has
support at rupee 2270 and resistance at
rupee 2520. The stock is overall assessed
as technically positive for the medium long
term.