Prem_Agrawal

Long Naked Put

Short
Prem_Agrawal Updated   
NSE:APOLLOHOSP   APOLLO HOSPITALS
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...
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
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.