 "Trading Strategy")
BUY PIDILITE INDS | CMP: Rs 1,444.40 | TARGET: Rs 1,570 | STOP LOSS: Rs 1,400
The stock has made a higher bottom formation pattern on the daily chart, taking support near 1,410 levels. It has indicated a bounce back implying strength that has the potential to rise further in the coming days. The bias has improved with the RSI also indicating a rise and almost showing a trend reversal to signal a buy. With good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 1,570 keeping the stop loss near Rs 1,400.
BUY HERO
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