Pidilite as formed ascending triangle one can go long after the breakout in upperside
There are 2 ways to go long
1. one can go long immediately after the breakout of 1305 level. Those who go long this way are called aggressive traders. But the risk factor is more by this method.
2. one can go long after Breakout and retest of 1305 level. Those who follow this method are called conservative traders. risk factor is less in this method. the only drawback of this method is sometimes u may not get entry after the breakout .
There are 2 ways to go long
1. one can go long immediately after the breakout of 1305 level. Those who go long this way are called aggressive traders. But the risk factor is more by this method.
2. one can go long after Breakout and retest of 1305 level. Those who follow this method are called conservative traders. risk factor is less in this method. the only drawback of this method is sometimes u may not get entry after the breakout .