Britannia Weekly Doji: Possible Short

Nov 6, 2019

Monthly gives a mixed view with green candles and minor resistance rejections.


Weekly:- Doji formed at Monthly Resistance, price losing steam, showcasing negative bias.


In daily, there is a nominal bearish divergence in RSI as well as red candle rejection of monthly resistance. Now, awaiting a TL break to further confirm this bearishness and go short with SL of 3420 and target of 2847.

Nov 8, 2019

Note

The breach of TL is not so convincing. Looking for a clear break today.

Nov 13, 2019

Trade active

Britannia results gave it a gap up. I don't consider results in my analysis. Hence, I'm not creating a bearish option strategy.
1. Bought 3300 PE at 93.4
2. Sold 3150 PE at 34.7

Nov 13, 2019

Note

Typing error, "I'm CREATING a bearish..."

Nov 28, 2019

Trade closed manually

Exited with max gains on expiry. twitter.com/afzal_57