TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for 2nd entry setup, if available then Long/short.
R:R is 5 to 10 times.
Pidilite going towards Weekly Trendline. Possible reversal from Weekly trendline.
Targets are shown in Chart
Targets Shown in Chart can be achieved by 3rd week of Sept.
WISHING EVERYONE HAPPY INDEPENDENCE DAY
Please have a look at the chart, Sl and Trg will be updated if prediction works, plan your trade accordingly.
Regards,
Sharma Yogesh
Lets have a look at the analysis -->
1> EW analysis -->
Counting from low 1095 on 15th May 2019 till 1304.80 on 11th June 2019 as an impulse move, and from the same high till recent low at 1195.55 as an corrective ZZ move, we might be in either impulse move upside or B of the same corrective more or x of same corrective move. The most biased and preferred count...
Pidilite has a very interesting Buy setup. Its consolidating and it should be done soon. A breakout to the top - and I guess we can see new highs being made. The risk / reward also seems quite favorable. I would look at the First target being a retest of the previous high and the second one at the mentioned level on the charts.
RSI broken. Long Unwinding. Sitting at 21 DMA
Short after Open High & break 21DMA.
Targets - 1230-1225 Sloss - 1290.
Pls do your TA, as my Charts may have different view than others.
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