BankBaroda - Bullish Spread

Bankbaroda took trendline support and bounced back in previous session. Stock has undergone a decent correction and showing early symptoms of recovery. Mean reversion traders can initiate a risk defined bull call ladder at current stage.

+1x 29AUG2019 115CE - ₹ 4.3
-1x 29AUG2019 125CE - ₹ 1.5
-1x 29AUG2019 130CE - ₹ 0.85
Max. Profit ₹ +36,225 (RR-1:10)
Breakeven 0-138.0
Net Debit Of: 2.05 rupee
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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Aapka chahat mein ek band dikh raha hai bollinger band jaisa use indicator ka naam kya hai
@Priyajit, Thats a custom indicator built by me. Its used to capture EMA confluence and divergence.
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