PIDILITIND has formed beautiful Head & Shoulder pattern on daily timeframe.
It looks good shorting opportunity for intraday below 2092.
For positional trade, it has to close below 2050 on daily candle then we can look for entry with 2120 as stop loss.
In case of gap down tomorrow, wait for retracement to take trade as at level suggested this is low risk opportunity.
Thanks
Piyush Gupta
Learn & Earn
It looks good shorting opportunity for intraday below 2092.
For positional trade, it has to close below 2050 on daily candle then we can look for entry with 2120 as stop loss.
In case of gap down tomorrow, wait for retracement to take trade as at level suggested this is low risk opportunity.
Thanks
Piyush Gupta
Learn & Earn
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.