The stock is showing sign of coming out of consolidation zone --> 290 - 320
multiple times the upper limit has been tested, this time possibility of breaking the 320 zone is very high.
MFI on 1hour chart is increasing also macd showing positive signs.
Trading Setup:
1. Sell 300PE === @approx 8-10 value .
2. Buy CE Side setup not much good. still 320CE can be taken for long position
Targets : 330 - 335 -340
multiple times the upper limit has been tested, this time possibility of breaking the 320 zone is very high.
MFI on 1hour chart is increasing also macd showing positive signs.
Trading Setup:
1. Sell 300PE === @approx 8-10 value .
2. Buy CE Side setup not much good. still 320CE can be taken for long position
Targets : 330 - 335 -340
Trade closed: target reached