#NimblrTA - Understanding EMA Alignment
NimblrTA uses EMA 5/21/55 on positional
1) Condition: Close > EMA 5 > EMA 21 > EMA 55
sets the tone for the alignment.
2) It must be have a momentum to reach the heights
3) Orange / Blue / Green lines gives EMA 5/21/55 on this chart
4) Crossover to align EMA for first time is the TGC (Triple Golden Cross)
5) Ratio of...
Pidilite several -ve factors
- resutls down by 3%, margine down by 3%
- crude is rising
- PE is on top side
Chart patterns
- on first major support, once it brakes 1120, it should reach to 1st target of 1055
Pidilite Ind. Level to be in focus for Long @ 1181-1166, Stop loss will be @ 1160.
Target will be Reward:Risk 2:1
Exit level strictly followe by R:R ratio.
If underlying will breach upward side of 1239 level so next level will be possible @ 1260, and 1290 is a strong Resistance.
Time to consolidate for sometime before uptrend continues.
Short for the lower end of the channel. Those who want to trade safe, wait for confirmation (price gap down to 1240 and less).
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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PIDILITIND
![PIDILITIND: [Positional] Pidilite Short](https://s3.tradingview.com/p/preKv8FE_mid.png "[Positional] Pidilite Short")
