What's your thought after today's candle.. Is still the trend intact
CT143
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@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"
CT143
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@UrvishShah, "Evening Star Candle" Will Only Become Valid When Stock Creates 1 More Bearish Candle.
UrvishShah
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@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
CT143
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@UrvishShah, Welcome. Sorry, But I Haven't Seen Anything Interesting In Asian Paint.
UrvishShah
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@CT143, talking abt pidilite only whats your view now
CT143
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@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.