Long Naked Put
Long Naked Put of Strike 1620
Premium Paid 51.25
1 Lot Premium = 25,625
The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move
RSI is also in Overbought zone
Daily Time frame shows Pivot Resistance
Happy Trading...
Premium Paid 51.25
1 Lot Premium = 25,625
The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move
RSI is also in Overbought zone
Daily Time frame shows Pivot Resistance
Happy Trading...
Trade closed: stop reached
Although it was Range bound for quite a few time but later the resistance was broken and an Upmove was seen
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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.