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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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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.