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Published on 7/04/2020 11:50:00 AM | Source: Motilal Oswal Financial Securities Ltd 

Derivatives Trading Idea Of 7 April 2020 by Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Trading Report #Motilal Oswal Financial Services Ltd

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Technical Trading Idea

* Pidilite Inds is hovering around its strong support of a Horizontal Line and 100 EMA on weekly chart. After a down move of last 4 weeks, it formed an inside bar pattern on weekly chart. RSI oscillator is also moving around its strong support of 34-36 zone on weekly scale and thus there is a possibility of a pull-back move.

* Considering current chart structure, we advise traders to buy the stock for an up move towards 1290 with a stop-loss of 1180.

Buy Pidilite Industries Ltd 2-3 Days SL 1180 Target 1290 CMP 1216

 

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