BPCL is forming a Double Top which is has neckline of 345.
Delivery Based Selling Strategy:
Sell below 345,
Keep SL on high of 23rd Jan candle, which is 361.
Targets are 320-300.
Option Buying Strategy
So, for the option trading in this stock, you can choose any PUT option on BPCL, mark high of 21st Jan candle in option, once it breaks it just buy and keep SL below same day's low.
Delivery Based Selling Strategy:
Sell below 345,
Keep SL on high of 23rd Jan candle, which is 361.
Targets are 320-300.
Option Buying Strategy
So, for the option trading in this stock, you can choose any PUT option on BPCL, mark high of 21st Jan candle in option, once it breaks it just buy and keep SL below same day's low.
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.
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.