PIDILITE Resistance level breached
PIDILITE was following sideway channel, retracing from support level and resistance level. As we can se the resistance level is breached by a green candle which closed above the previous candle, we can go long with the stoploss at the breaking of the resistance level i.e 831 with risk reward as 1:2 .
Else one can short PIDILITIND 810PE at 8.0 for conservative, PIDILITIND 820PE at 13.0 for average risk with lot size 1000.
Else one can short PIDILITIND 810PE at 8.0 for conservative, PIDILITIND 820PE at 13.0 for average risk with lot size 1000.
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