BHEL
CMP 53.95
Observations
- stock has done a 76.4% retracement
- 200 day EMA around 53
- stock near trendline (which may act as support)
given the set up one may consider to accumulate stock from medium to long term perspective ( at cmp and on further dips )
momentum / short term players may consider buying if closing is above 57 for target of 62 / 65
______________________________________________________________________________________
F&O strategy Suggested : Bull Put Spread strategy
One may consider
Sell 50 Put option around 1.25 and
Buy 45 Put option around 0.30
Lot size 10500
Net receivables Rs 9975/- per strategy lot (yield potential 14.5% approximately)
Loss in strategy if BHEL closes below 49.05 on 30 September
Take care & safe trading....!!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
CMP 53.95
Observations
- stock has done a 76.4% retracement
- 200 day EMA around 53
- stock near trendline (which may act as support)
given the set up one may consider to accumulate stock from medium to long term perspective ( at cmp and on further dips )
momentum / short term players may consider buying if closing is above 57 for target of 62 / 65
______________________________________________________________________________________
F&O strategy Suggested : Bull Put Spread strategy
One may consider
Sell 50 Put option around 1.25 and
Buy 45 Put option around 0.30
Lot size 10500
Net receivables Rs 9975/- per strategy lot (yield potential 14.5% approximately)
Loss in strategy if BHEL closes below 49.05 on 30 September
Take care & safe trading....!!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Exit in BHEL Option strategy