Synergistic Pattern: Advance (W+Flag) + Support on EMA 300Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Early entry: 1400
SL: 1340
Target: 1590
RR: 3.16
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pidilite
Pidilite 08-07-2020 Intraday/Swing trade setup Pidilite is on Bullish trend as of now.
Moving with in ascending channel pattern , if tomorrow will on same momentum than only this setup will work.
Targets
T1-1407-1409
T2-1415-1418
T2-1425-1428
Invalid below support level which is 1395-1385 (SL for Swing trade).
PIDILITIND Swing Trading!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
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Pidilite Industries - Value Areas & Support ResitanceI have identified the key price value areas on the daily chart.
1400 is the control price over last few days.
The stock is trading at a key price rebound level of 1390.
1385 is a clear Support which has seen tails getting rejected sharply from this level.
The stock has also taken resistance from the control price indicate Bears are taking control.
However there is no clear Excess or Tail on the upside of the value area to indicate a downward move.
So, watch out for a clear break below 1385 to take Short positions.
Targets can be 1370 and 1350 with SL at 1400.
PIDILITIND SWING TRADING!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
Request you all to LIKE and COMMENT on views as then I come to know that how much engagement on the post.
Paypal donation - paypal.me/shubhamkhan
Pidilite :Market Structure is the kingDisclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Analysis:
Pidilite looks good to enter around 1367 to 1380 levels for target 1410/1440/1467 with stoploss around 1360.
Live update will be given on TG channel. Ping to get the link.
Thank you,
Kalpana Burman