Amit_Ghosh

Arvind Strangle Idea and Consolidation Bet

Amit_Ghosh Updated   
NSE:ARVIND   ARVIND LTD
Arvind is making a flag formation with a resistance at 410 followed by 420. We can call it mildly bearish. One can buy it near 390-395 levels to sell at 400-405 levels profiting the consolidating.

Alternatively,

One can sell 380 PE at 5.4 and sell 420 CE at 4.1.
Comment:
Our line didn't touched and it flew.

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