PIDILITE - Double Top + Trendline Break

2017년 3월 20일

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 :)

2017년 3월 21일

노트

Good to see how perfectly it has been playing out till now.

2017년 3월 22일

노트

As suggested in comments yesterday, "structure indicates that it has much larger probability of going downwards. "

It did. Structure is very important.

2017년 3월 23일

노트

Structure weak. Dont make long positions.

2017년 3월 24일

노트

Very choppy. Uninteresting to make any position.