APOLLOTYRE price action is at an interesting stage where a breakout is nearing. The logic is not explained here as I am still testing those.
1) Enter into the trade tomorrow on 11 Sep as the price movement is expected to be within a limited range of 250.5 to 255. One can go ahead with OPT 260 CE currently priced at 5.25
Place SL and Exit if the price breaches 249.50
2) Target is set at 262, Book partial profits along the way or Square off on 12 Sep just before market closing. To maximise profits, on 12 Sep book profits at 11:30 am and re-enter trade at around 2:00 pm and finally exit before closing bell.
1) Enter into the trade tomorrow on 11 Sep as the price movement is expected to be within a limited range of 250.5 to 255. One can go ahead with OPT 260 CE currently priced at 5.25
Place SL and Exit if the price breaches 249.50
2) Target is set at 262, Book partial profits along the way or Square off on 12 Sep just before market closing. To maximise profits, on 12 Sep book profits at 11:30 am and re-enter trade at around 2:00 pm and finally exit before closing bell.
Trade closed: target reached