 "Here is a derivative strategy for Cadila Health by Vinay Rajani of HDFC Sec")
BUY CADILA HEALTH JAN 510 CALL @ Rs 20
Lot Size: 2200
Stop loss of Rs 15
Target Rs 30
Rationale:
- The stock price has broken out from the consolidation which held for last three weeks
- Volumes during the breakout has seen sharp jump
- The stock has seen long build of more than 5% in Derivative segment on 14th Jan 2021
- Higher tops and higher bottoms on the daily and weekly charts
- The price is also placed above all important moving average parameters
- Indicators and oscillators have turned bullish
- We recommend buying Cadila Healthcare Jan 510 Call at 20 for the upside target of 30, keeping Stoploss at 15.
==========================
Disclaimer: Vinay Rajani is Senior Technical and Derivative Research Analyst at HDFC Securities. The analyst doesn't have any holding in the stock. Views are personal.
Disclaimer: Vinay Rajani is Senior Technical and Derivative Research Analyst at HDFC Securities. The analyst doesn't have any holding in the stock. Views are personal.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%