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Published on 15/04/2019 4:01:32 PM | Source: Choice Broking Pvt Ltd

Option Strategy Pidilite Industries Ltd by Choice Broking

Posted in Broking Firm Views - Short Term Report| #Pidilite Industries Ltd #Chemicals Sector #Trading Report #Choice Broking

 

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* On an option front, Long Built up has been taken place in “A the Money” CE option while Short Built has been taken place throughout the PE strike price which shows good upside movement in the stock.

* During the trading session, we have seen an average of 6.96 % Long Built Up Position with 1.54 % rise in price in stock future.

* On a daily chart, the stock has given a breakout of its Upper Band of Flag Formation which is a Continuation formation and indicates an upside movement.

* A daily momentum indicator RSI reading is at 76.05 level with positive crossover which points out for a positive breath in the stock.

* Based on the above Technical structure, we expect a Bullish move in PIDILITIND 1300CE

Recommendation

Buy Pidilite Industries Limited @ Option Run Neeti  SL 14.50 TGT 46.00 CMP 25.00

 

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