PILITA trade ideas
PIL ITALICA BREAKOUTAfter a strong downtrend, and accumulation, NSE:PILITA broke out from its base and looks ready to start an uptrend.
Entering your entire position at current market price seems okay as the momentum buildup is prevalent. Good volumes and closing on breakout candle.
Stop loss placed below the swing low and targets are open. Any rejection near the pink region, exit your position.
This is a penny stock so risk and volatility is much higher. Stock can either fly or painfully retrace and then start the uptrend.
High risk, high reward trade here, allocate capital that you wouldn't mind losing ENTIRELY.
Follow strict risk management. HAPPY TRADING!
Short Opportunity The technicals indicate a massive short opportunity one the stock breaks its current resistance it may settle down to its support. Fibonnaci and Gann methods indicate a drastic short in the stock.
