PIDILITIND | Cup & Handle Breakout 🎯

ReviveTraders Updated   
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

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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

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✍COMMENT Below your view !

Need to cross the trendline
safe can book some as the first TGT is almost achieved
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 modify SL to cost
Trade closed manually:
full exit Pidilite in NO Profit No loss
safe traders might have booked 25,000 PER LOT


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