HelloSambhav

PIDILITIND | Cup & Handle Breakout 🎯

Long
HelloSambhav Updated   
NSE:PIDILITIND   PIDILITE INDUSTRIE
β­• Swing Trading opportunity ! 1hrs Chart Alert !!!β­•

-- Buy above=1751 or CMP
--Target = 1796 | 1838
--Stop-loss = 1726
--R:R =3.43
-- Lot size = 500
--Expected Profit = 43k ( 5% )
--Expected Holding = 10 days only

#ThankU For Checking Out Our Content , We Hope U Liked IT πŸ“Œ

======================================================
β­•Technical Reasons to trade or Strategy applied :- β­•

1) Stock has formed cup & handle pattern
2) Breakout was strong & retested the trendline again
3) Trendline resistance is already broken
4) Target is based on resistance areas
5) bullish engulfing candle as well

Guys Check out the related ideas as well, it will work really well GUARANTEED !

πŸ™FOLLOW for more !
πŸ‘LIKE if think is useful !
✍COMMENT Below your view !

Comment:
Need to cross the trendline
Comment:
safe can book some as the first TGT is almost achieved
Comment:
reduce your SL to cost as stock respected the trendline resistance
Trade closed: target reached:
1st target reached

bought @ 1751
booked @ 1800
pints earned =50
lot size = 500
PROFIT booked per lot = 25000

Safe can book here ...rest modify SL to cost
Comment:
Trade closed manually:
full exit Pidilite in NO Profit No loss
safe traders might have booked 25,000 PER LOT

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.