BPCL chart view
Updated
BPCL
CMP 326.85
One may consider to buy at CMP and /or on dips towards 320.
Momentum might be seen above 335-338 zone.
Target for the current setup 360/372
Keep a Stop loss if closing is below 315.5
Alternatively one may consider the following FNO strategy
Sell BPCL 320 PE
Lot size 1800
CMP 11.5
Max profit potential Rs 20700 if stock stays above 320 on 27 Dec 2018
Loss if stock is closing below 308.5 on December expiry day.
Take care and safe trading...!!!
CMP 326.85
One may consider to buy at CMP and /or on dips towards 320.
Momentum might be seen above 335-338 zone.
Target for the current setup 360/372
Keep a Stop loss if closing is below 315.5
Alternatively one may consider the following FNO strategy
Sell BPCL 320 PE
Lot size 1800
CMP 11.5
Max profit potential Rs 20700 if stock stays above 320 on 27 Dec 2018
Loss if stock is closing below 308.5 on December expiry day.
Take care and safe trading...!!!
Trade closed: target reached
The stock made an intra day low of 317.20 and from that point onwards there was no turning back. It Made an intraday high of 376.50 and closing high of 374.65.All targets achieved. Hope the analysis was helpful
Related publications
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.