#HINDUNILVR
Decade old move appears to have ended here. If last cycle is any indication, then 61.8% retracement can't be ruled out. (around 600)
Market is falling out with consumer facing businesses, be it HDFC Bank (consumer finance) or HUL (Consumer goods).
More from Mayank Narula
Cyclical stocks (metals, commodities, even auto) have the lowest PE multiples right around the top when cycle is about to turn.
That's when they suck in the retail.
That's when they suck in the retail.
50 % drawdown in sail done from high of 150 to 75 now.
— Sandeep M (@Sandeep_Majjigi) May 23, 2022
Without knowing how to play the cyclicals one would lose a lot of money there looking at pe ratio in single digit.