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BajajFinserv Aug2019 Strategy

NSE:BAJAJFINSV   BAJAJ FINSERV LTD
#BajajFinserv looks bullish on 45M charts. RSI surpassed 60 mark. On daily scale it has formed bullish engulphing kind of pattern. If it trades over 7300 then it has all probability to test 7415/7600/7900. But stoploss will be nearest SPL which is 6631. Trade is not favourable for equity or futures trades. Instead create a bull call ratio spread.

-2x 29AUG2019 7800CE - ₹ 65
+1x 29AUG2019 7400CE - ₹ 186.5
Max. Profit ₹ +42,937.5
Max. Loss ₹ Undefined
Breakeven 0-8143.5
PayOff: http://bit.ly/2SIFF3l
Estimated Margin₹ +257,819
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.

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Comment: Stock made high of 7600 (2nd target). However spread is now in loss. Forgot to update to exit near 7550+ levels.
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