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Here is a derivative strategy on Marico by Nandish Shah of HDFC Securities

The stock price of Marico has broken out from the flag pattern on the daily chart

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Nandish Shah Mumbai
Plain Vanilla Option Strategy on MARICO

Buy MARICO FEB 505 CALL at Rs 6.65

Stop Loss: Rs 4

Target: Rs 12

Lot Size: 1000

We have seen long build up in the Marico future where we have seen 3 per cent addition (Prov) in Open Interest with price rising by 1 per cent
The stock price has broken out from the flag pattern on the daily chart.

The short-term trend of the stock is positive as stock price is trading above its 5 and 20 day EMA.

RSI oscillator is placed above 50 and sloping upwards on the daily chart, Indicating strength in the

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First Published: Feb 18 2022 | 8:28 AM IST

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