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Approx margin required: Rs 21,000
Rationale:
>>Plus DI is trading above minus DI, while ADX line has started sloping upward, indicating stock price is likely to gather momentum in the coming days.
Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent.
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Disclaimer: Nandish Shah is senior derivatives & technical research analyst at HDFC Securities. He doesn't hold any position in the stock. Views are personal.
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