saket_bagade

Short term correction long term buying opportunity

saket_bagade Updated   
NSE:PIDILITIND   PIDILITE INDUSTRIE
After hitting all-time high, the stock has fallen sharply with a big bearish engulfing candle. Volumes were also substantially high. It means a short-term correction is on cards and traders can go short on it. But the long-term uptrend remains intact. Wait for the fresh buying to start before entering on the long-side.
Comment:
Downfall continuing... Long-term investors can think accumulating at 860-840-810 levels
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.