PIDILITE - Double Top + Trendline Break
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The stock has shown a classic double top pattern and a trendline break.
Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback.
I have drawn blue lines which are important levels according to me.
See how price reacts on reaching those levels and build positions accordingly.
Sharing if it helps :)
Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback.
I have drawn blue lines which are important levels according to me.
See how price reacts on reaching those levels and build positions accordingly.
Sharing if it helps :)
Nota
Good to see how perfectly it has been playing out till now.Nota
As suggested in comments yesterday, "structure indicates that it has much larger probability of going downwards. " It did. Structure is very important.
Nota
Structure weak. Dont make long positions.Nota
Very choppy. Uninteresting to make any position.
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