Be Cautious #headandshoulders #pattern (trend reversal) at #PIDILITIND (Pidilite Industries Ltd) weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
ONLY FOR #educational
This is an index of top 10 stocks from Saurabh Mukherjea's Consistent compounders. Each having weightage of 10%. Base Price is kept at ₹1000 each stock having ₹100.
Kotak Mahindra Bank
The learning is that even if invest equally in these 10 companies then also it...
Head and Shoulder Pattern Breakdown. Avoid buying here.
Major Support at 1900, followed by 1800 levels.
for Long Term Investments, follow the channel pattern.
Entry Price- 1800
Pidilite Industries is leading stock in chemical sector as well as it is a consistent performer.
We have chosen to go long in this bearish for Pidilite India. Long above 2340 TGT 2400-2425-2450 with SL of 2300. The bullish candle has been seen during closing hours and reversal has also been seen during closing candles of the day. RSI also reversing. In this bearish market once the stock move from the buying range to keep safe please trail the SL. This is for...
Watch the stock for a trend line breakout. Should achieve targets as per levels mentioned on the chart. Above analysis is purely mine and is meant for educational purposes only. Follow a strict stop loss of 2288 after initiating a trade at this level.