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Derivatives strategy on Pidilite Industries by HDFC Securities

Vinay Rajani/Mumbai 15 Mar 19 | 06:48 AM

Buy Pidilite Industries March Future at Rs 1,175

Stop loss: Rs 1,145 

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Target: Rs 1,230


Bullish Inverse head and shoulder breakout on the weekly chartBreakout from the price consolidation holding for last 16 weeksLong Build up is seen the derivative segment for last couple of sessionsPrimary trend has been bullish and the stock is on the verge on registering new all-time highWe recommend buying Pidilite March Future at CMP, for the upside target of Rs 1,230. 

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