The sins that PIIND did are!
1. Breaking above its ATH with a big bullish candle!
2. Huge spike in volume!
3.Not sustaining above its ATH!
4. Forming a inverted hammer at resistance 2 days back!
These many sins are enough now!
Buyers are trapped!
Earlier when the similar stuff happened, the stock declined by almost 20%!
Too many negatives with only one positive!
If and only if it somehow breaks above its ATH, we may see more positive moves!
Otherwise, you know what's to be done!
1. Breaking above its ATH with a big bullish candle!
2. Huge spike in volume!
3.Not sustaining above its ATH!
4. Forming a inverted hammer at resistance 2 days back!
These many sins are enough now!
Buyers are trapped!
Earlier when the similar stuff happened, the stock declined by almost 20%!
Too many negatives with only one positive!
If and only if it somehow breaks above its ATH, we may see more positive moves!
Otherwise, you know what's to be done!