CT143

PIDILITE INDUSTRIES

Long
NSE:PIDILITIND   PIDILITE INDUSTRIE
(Swing / Positional Trade) | RR 1:3+ | Type:- Breakout

Reasons To Trade🤔 :- Weekly Resistance + Triangle Breakout, Big Candle + Volume Confirmation, Stock In Weekly Uptrend + Above 200DMA.

Entry :- 1520 - 1530
Stop Loss :- 1472
Target :- 1669

(Risk Must Be Managed.)
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--Any Suggestions--
Trade active
Trade closed: stop reached: Stop Hunted. Going For Target.

Comments

What's your thought after today's candle.. Is still the trend intact
+1 Reply
CT143 UrvishShah
@UrvishShah, Because Of US Election, Volatility Increased In Indian Market Also.

Indian Market Following US Market. (So Big Moves Possible Either Sides)

If Stock Opens Above 1501 Then You Can Hold & Watch It

If It Opens Below 1501 Then You Can Plan For Exit Because It Also Formed "Evening Star Candle" (In Daily Chart).

But I Am Still Bullish In This Stock.

& If Your Risk is Managed, Then You Should Go With Given SL.

Key Learning:- Always Follow "Risk Management"
Reply
CT143 CT143
@UrvishShah, "Evening Star Candle" Will Only Become Valid When Stock Creates 1 More Bearish Candle.
Reply
@CT143, thanks for your reply. Today it respected demand zone 1470 level also Asian Paints gave good quarter results that didn't broke the sentiments. Hourly chart a hammer has been formed today at trendline support so whatsyour view
+1 Reply
CT143 UrvishShah
@UrvishShah, Welcome. Sorry, But I Haven't Seen Anything Interesting In Asian Paint.
Reply
@CT143, talking abt pidilite only whats your view now
Reply
CT143 UrvishShah
@UrvishShah, Now I Am Bearish On This Stock , Reason Evening Star Confirmed In Daily Timeframe , In Weekly It Created Bearish Pin Bar After Rejecting From Weekly Resistance(1 Day Left To Close).

It's More Likely To Hit My Stop Loss.

Remember It's My View Only I Am Not Giving Any Trading Advice.
Reply
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