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.