Pidilite Head and Shoulder Pattern with possible Targets

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.

Kommentera:

Profit margin is decreasing gradually.