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rajeshdas199358
Oct 23, 2022 2:17 PM

Pidilite Head and Shoulder Pattern with possible Targets Short

PIDILITE INDUSTRIENSE

Description

Pidilite is making and head and shoulder pattern, also taking support from 0.618 fibonacci level. It is also a support level. If overall market sentiments will be bearish in next few days also the stock breaks support and restes, it will be a good short opportunity but at the same the stock is all time bullish stock it can also keep time correction for 2 months instead of price correction. current p/e is 100 expensive. This is not a trade idea. Its just observation.

Comment

Profit margin is decreasing gradually.
Comments
vanathi
Hi,

Welcome to the trading view community. Good work on your first analysis.
Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/

regards
Vanathi
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