Selling 1400PE of Pidilite to compensate the extreme moves of Asian Paints.
Pidilite's main ingredient comes from Vinyl Acetate Monomer, a derivative of crude oil.
Asian Paint's main ingredient also comes from Crude oil.
So adding as a pair trade to this strategy -![[Turtle] Asian Paints Short Idea](https://s3.tradingview.com/f/fOATlo5L_mid.png)
Shorting PE means bullish view.
Pidilite's main ingredient comes from Vinyl Acetate Monomer, a derivative of crude oil.
Asian Paint's main ingredient also comes from Crude oil.
So adding as a pair trade to this strategy -
Shorting PE means bullish view.
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Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.