PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take prices further down and we may observe healthy correction in the stock. T1- 1240 T2 - 1180 SL-1360 (estimation as per spot prices)
I have visited your previous post , Exactly when there is up coming buy set up in this , Your post is representing Negative bias , I think the most important approach towards any stocks or Commodity should be price driven not the Fundamental driven , I am attaching my view on this scrip hoping you will not mind it , also visit my video in trading view so that you can understand the simplest approach towards price based method Good luck
NeeteshJain
⋅
@ShreeKrishna, I appreciate your research and constructive feedback. Also I just want clear that I have posted a trade setup chart that have similar targets as mentioned in your above chart. It is only true and limited to the targets mentioned. Thanks
I shall surely checkout your videos, Regards
ProfitPattern1
⋅
@ShreeKrishna,
1) @NeeteshJain 's study expecting the similar slip like yours, so how is he bias and not you?
2) NeeteshJain, I really liked your words that shows how positively you taken ShreeKrishna negative comment. Even he said to watch his video to learn from him. I really like your attitude.
4) I hope you both don't mind my comment.
Thanks,
ShreeKrishna
⋅
@ProfitPattern1, Hello Mr Put your name as who you represent when you create profile ( its essential to identify you as individual) Yes i have asked NeeteshJain to visit my video because if you check the history of his posts , Most have resulted in invalidated directional trades reference posts , in order to explain or assure social trader in this site i have asked him to visit my video , Most important in Trading stocks or Financial Instruments is Price representing , My view to price representation is to explain Majority of price behaviors do not reflect Fundamental values , approach based on fundamental value is seen very less successful and more time consuming , so Message is Approach with price based when an traders or speculator interview the scripts , when investor approach his/her views will be more of Fundamental.
If you need help to change your ID name please ask the help form Trading view help section , Good day
ProfitPattern1
⋅
@ShreeKrishna, Ohk, I didn't knew that you are monitoring him so closely since long time. I had commented on the basis of your words which you had used in this thread. It's good to know that you are caring for the community betterment.
Coming to you next unasked suggestion to change my name. "who you represent..."-->didn't TV shows you my username? If not then please read it as ProfitPattern. I do represent ProfitPattern.
If you need help to view my username, please ask the help form Trading view help section , Good day
ShreeKrishna
⋅
@ProfitPattern1, This is Exactly i was asking weather you are He or she ? are you traders or Training institute ? , Your name does not represent anything , My Name is shreeKrishna
- TradingView keeps users information in two categories, 1) Public Info and 2) Private Details.
- None of these categories are strong user's gender.
- "Public Info" collects username, signature, about, location like info and that part is visible across the platform for others.
- They don't think that gender and private-names are so important, if you see the "Public Info" category all labels, and so we shouldn't :)
- Talking on technical terminology, imparting knowledge, keeping community clean and better should be our utmost duties.
- I hope you wouldn't got hurt with my aggressive words.
Thanks, JaiShreeKrishna
freestocktips
⋅
A better place for a short is 1315.55 level. Perfect!
I will do the same with 1404 SL.
Dayanandan
⋅
So happy to see you after a long time
TituPawar
⋅
SIr This Analysis well , good but they closing above 200EMA
I think this stock now move bullis direction