Pidilite: waiting for a breakout, coming soon! Education

PIDILITE INDUSTRIENSE

Description

⋅ Jun 23, 2020 4:06 PM

Wait for a breakout and trade on the breakout as well as the re test!

If it breaks on the short side, the trade will become a trade on the short side!

Comments

Jainam98

⋅ Jul 3, 2020 4:48 AM

Today (3rd July)..it opened outside the pattern. I thought it was a breakthrough finally. But it quickly fell down?

Ultimate_Trading_System

⋅ Jul 3, 2020 4:52 AM

@Jainam98, it had broken out on 25th june, today it is retesting the breakout, and then once confirmed can fall further! this is going as per plan!

Jainam98

⋅ Jul 3, 2020 4:54 AM

@Ultimate_Trading_System, okay.. how do you differentiate between actually breakout and retest?

Ultimate_Trading_System

⋅ Jul 3, 2020 5:05 AM

@Jainam98, Hi, So i am trying to show you with the help of a chart. A breakout is the first candle breaking out conveniently (closing) outside a range! A re test is it testing the border of the range once again in a few sessions!

Jainam98

⋅ Jul 3, 2020 5:09 AM

@Ultimate_Trading_System, thank you so much!!! Im still learning the nuances of trades. 🙈

Ultimate_Trading_System

⋅ Jul 3, 2020 5:11 AM

@Jainam98, anytime! :)

vikrant28may

⋅ Jul 1, 2020 6:19 PM

I guess this has started a move towards down side as on 1st July (daily chart).
Any updated view on this please..

Jainam98

⋅ Jul 2, 2020 3:44 AM

@vikrant28may, probably will start the upside wave now

Ultimate_Trading_System

⋅ Jul 2, 2020 3:45 AM

@vikrant28may, WAIT FOR THE RE-TEST ON THE DAILY CHART