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It’s deceptive.

Case 1 – 30 Minute Timeframe:

pidilite

Pidilite has recently broken its support (marked with black) and once a support is broken the support becomes the new resistance.

Short Pidilite with the red line as a stop loss!

Case 2 – 1 Day Timeframe:

share market

Pidilite is consolidating for a long time and it is in the potential reverse zone and already you can see a sign of strong reversal with a pin bar followed by a green candle after that day.

Long Pidilite with the red line as stop loss.

Smart Money will go with the Case 2 where retailers will go with the Case 1. Wait, Smart Money already went for Case 2!

What Should You do – Trade only when Case 1 and Case 2 both tell you to buy or sell at the same time. It will increase your survival.