Broke High of Red volume Engulf candle by current candle
Selling Pressure is absorbed by current green candle
Disclaimer : it's my personal view, do your own analysis before taking any trade
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 ! ! !
PIDILITE has been performing quite well.
It recently took the support at the 2800 levels and rebounded beautifully back to 2869.
We can go long once the stock crosses 2875, with a stop loss of 6 and a target of 2900.
🔴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...
What we believe in :-
°Trade With Logic
°Take Time Before Investment
Saving Your Capital 🙂
I'm not responsible for your profit or loss.
Mainly Stock & Crypto Investor 🕵️| Interim Trader 📊
DISCLAIMER :- This Channel Is For ( EDUCATIONAL PURPOSES )
PIDILITE INDUSTRIE - Negative
RSI - 37.69 - Enter once it reach 60
MACD - Downtrend
Alert
Below 50 Day Moving Average - Enter only at 2420 Levels only
Support levels - 2291 & 2161 & Above Support Level 2330 & 2361
