Pidilite Industries - Signs of topping up can be seen.
Updated
Pidilite Industries has been rising up for some time, looking at open interest data some indication of top formation can be seen.
Sell below : 1443 Stop Loss : 1449 / 1455 (depending on your risk appetite)
Targets : 1434 - 1432- 1421 - 1411
Low risk trade would be to sell 1480 call above Rs. 16-17/- with a stop loss of 22/-
As there are only two weeks to expiry, Call Premium will erode faster even if price does not fall much.
Please don't take this or any suggested trade blindly, consult your financial consultant and carry due diligence on your own.
Consider hitting the like button below this chart, if you find it worth, you may also follow me for more of interesting ideas / suggestions.
i2gain.
Sell below : 1443 Stop Loss : 1449 / 1455 (depending on your risk appetite)
Targets : 1434 - 1432- 1421 - 1411
Low risk trade would be to sell 1480 call above Rs. 16-17/- with a stop loss of 22/-
As there are only two weeks to expiry, Call Premium will erode faster even if price does not fall much.
Please don't take this or any suggested trade blindly, consult your financial consultant and carry due diligence on your own.
Consider hitting the like button below this chart, if you find it worth, you may also follow me for more of interesting ideas / suggestions.
i2gain.
Trade closed: target reached
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