AshokLey BullCall Spread

Ashokley looking good to buy after long long time. Since its trading its 52 week lows instead of going long in the stock a bull call spread can be created for August expiry.

+1x 29AUG2019 72.5CE - ₹ 5
-1x 29AUG2019 80CE - ₹ 1.7
Max. Profit ₹ +25,200
Max. Loss ₹ -19,800
Breakeven 75.8

If stock keeps falling below 70 then as part of adjustment sell 70 August CE and convert it to bear call spread. And exit the 80 CE in profit.
Comment: Disclaimer: Objective of this posts is to educate and help members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock ideas/views are momentum picks chosen using technical indicators and for education purpose only. And my views may go wrong. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

For live updates and market calls you can follow me on below social media platforms. You can also forward this channel links to others.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out