Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
Price forming triangle pattern it is about to break.
AS PIDILITE HAI ROSE ALREADY AROUND 16% IN MAY THEN NOW ITS TIME TO FALL LITTLE. SO FIRST TARGET IS 1980 AND IF IT CONTINUES THEN 1850-1830
No Overlap with a Binet's Formation and then a Blast
Pidilite has formed a cup and handle inside a triangle pattern Good pickup in volume Looks good above 1900 Target - 2065 Stop Loss - 1825 1:2 risk reward setup To motivate me, like this post and show your support. Stay safe! Happy Trading!
Buy with sl of 1800 closing basis for target of 1950-1965 region ! Be careful as this is the terminal thrust for the current trend.
ENTER ONLY WHEN HIGH BREAKS
Buy around the replacement towards the trend-line with lower channel line as stop-loss. Expect a up-move in short term. Disclaimer: This idea shared for educational purposes only!!
I will skip the buy trade. Not comfortable with longs that breakout in positional. Will do intraday maybe. But will definitely do the short if that triggers. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's...
Stock is now trading at lifetime high levels. Stock has been in continuous uptrend from last many weeks , but was facing resistance between Rs 1915-30 from last 5-6 weeks. CMP is Rs 1938 , close above 1945-50 may start a new journey for stock. Fall in Brent crude from USD 71 to USD 64.5 is a big booster for stock , further in case Iran is allowed to sell oil ,...
This is Just for study purpose. PIDILITE seems to be a symmetrical triangle .
buy above 2036 rupees Pidilite industries First Target 2480 second target 2940 long term stop loss 1600, short term stop loss 1800
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT........... WAIT TILL IT CLOSES ABOVE 1900 Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss...
Go long on Pidilite Industries on and above 1892 for which targets are mentioned on chart
Pidilite industries good compunder can be considered for long term