Chart patterns look apt for a short trade in Pidilite industries
REASONS
1. PIDILITIND from September 2022 has been in Downtrend forming lower highs and lower lows
2. Currently it is ,at its 3rd BEARISH FLAG pattern (gave breakdown with volume spike)
3. Previous 2 Bearish flags achieved their targets(as per pattern-pole length) without any sluggishness
4. There is DEMAND ZONE down near 2100 levels
5. SL as shown @ chart
6. Target - 2140, 2100(trail the SL)
7. Lower low formed on Friday(24 Feb) increases the probability of our short trade
Let's wait and watch how it moves!!!!
NOTE- Just Sharing my view...not a tip nor advice!!!
REASONS
1. PIDILITIND from September 2022 has been in Downtrend forming lower highs and lower lows
2. Currently it is ,at its 3rd BEARISH FLAG pattern (gave breakdown with volume spike)
3. Previous 2 Bearish flags achieved their targets(as per pattern-pole length) without any sluggishness
4. There is DEMAND ZONE down near 2100 levels
5. SL as shown @ chart
6. Target - 2140, 2100(trail the SL)
7. Lower low formed on Friday(24 Feb) increases the probability of our short trade
Let's wait and watch how it moves!!!!
NOTE- Just Sharing my view...not a tip nor advice!!!
トレード稼働中
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。