PIDILITIND:: @Triangle BreakoutA strong demand is identified in this stock at 2300 levels...
facing resistance at 2800 levels...
Price is ready to breakout from this resistance levels...A traingle pattern is detected in this stock..
if price breaks this range will get sharp moment to the upside...taken the trendline support multiple times...if price breaks the bullish trendline will look for short side.
wait for the price to break upside...keep an alert in this stock at 2900 levels..
no sign of bearishness is observed in this stock.
Pidilitindchart
{PIDILITE}:{SHORT for 3:1}
Price has reacted to a Monthly Supply (Left Side) to reach The Fresh Monthly Demand, basically this is a PPullback before the Upward Impulse, still the Reward to Risk ratio is favourable hence shorting,
The Exit is @ Monthly Demand Entrance so Exit on Time is as critical as the Entry,
ENJOY THE RIDE ! ! !
PIDILITIND : Strong support zonePIDILITIND is trading in box range since long time and near strong support.
Good RR if we have breakout of Box range.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
PIDILITIND Ltd - Perfect breakout from channel Pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade