Pidilite Industries

Investors with medium term perspective can buy the stock of pidilite industries. after taking support at Rs 80 in March, it has been intermediate up trend. it broke a significant long term resistance level of Rs 130. the daily and weekly momentum indicators are signalling bullishness. volume has been increasing over past three sessions. we believe that in medium - term the stock has the possibility of reaching Rs 218. investors can buy while maintaining Rs 148 as stop loss.