Hey folks,
A lot happening on global scale from past 3 days. there are opportunities in the market but all scattered. Its difficult to catch all, and the aim is not to catch all but the right one.
So, today market opened on the huge Gap down as it was expected from war over the weekend.
Major Defence sector stocks, however, attracted the buyers with a notable volumes.
Here I have an idea for this week on the Bharat Electronics. the volume can be seen above its 10SMA from last 3 trade session with price moving up. Now sentiments with the war brewing all over the week the stock will stay in the hot.
thus, A good opportunity in this one for a long position.
My Position -
BUY : BEL 30MAR 460 CE
A lot happening on global scale from past 3 days. there are opportunities in the market but all scattered. Its difficult to catch all, and the aim is not to catch all but the right one.
So, today market opened on the huge Gap down as it was expected from war over the weekend.
Major Defence sector stocks, however, attracted the buyers with a notable volumes.
Here I have an idea for this week on the Bharat Electronics. the volume can be seen above its 10SMA from last 3 trade session with price moving up. Now sentiments with the war brewing all over the week the stock will stay in the hot.
thus, A good opportunity in this one for a long position.
My Position -
BUY : BEL 30MAR 460 CE
Trade active
the stock price is attracting buyers at a good volume as analysed with no relief seen in war situation. Also stock is paying dividend with ex-date of 6-Mar. Can see a good move tomorrow as well. i am at 40% profit with my current position.
My updated SL : either stock price closes below ₹440 at 1h TF, or trailing SL on profit to 20%.
Trade closed: target reached
Closed the long position of BEL 30Mar 460CE option with profit of 55%. Considering the high uncertainty over the weekends. I have booked the profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.