PIDILITE was following sideway channel, retracing from support level and resistance level. As we can se the resistance level is breached by a green candle which closed above the previous candle, we can go long with the stoploss at the breaking of the resistance level i.e 831 with risk reward as 1:2 . Else one can short PIDILITIND 810PE at 8.0 for conservative, PIDILITIND 820PE at 13.0 for average risk with lot size 1000.