Pidilite Industries
On the technicals,
1) Stock price has been taking support at a Trendline formed over 4 continuous years
2) Inside candle formed in the Weekly Time Frame and price has managed to close above the 30 week moving average
3) Retracement at 0.5% of Fibanocci is on progress. (Fib levels measure from this year low)
4) Stop loss could be 4% with a target of 13% & above from current levels
On the Fundamentals,
1) PE/PB ratios are very high
2) But considerable growth shown in Sales and Profits during First quarter
I observed and highlighted some of the important points by going through technical & fundamental aspects for discussion.
Please highlight if any mistake in the above and share any important point missed out so that i would be enlightening myself in the process of analysis.
1) Stock price has been taking support at a Trendline formed over 4 continuous years
2) Inside candle formed in the Weekly Time Frame and price has managed to close above the 30 week moving average
3) Retracement at 0.5% of Fibanocci is on progress. (Fib levels measure from this year low)
4) Stop loss could be 4% with a target of 13% & above from current levels
On the Fundamentals,
1) PE/PB ratios are very high
2) But considerable growth shown in Sales and Profits during First quarter
I observed and highlighted some of the important points by going through technical & fundamental aspects for discussion.
Please highlight if any mistake in the above and share any important point missed out so that i would be enlightening myself in the process of analysis.
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