DABUR - About to go down

Nov 27, 2020

DABUR is about to come down, as it broke the channel pattern, retraced back and ready for a bigger move.

SHORT RISK/REWARDS are mentioned in the chart.

Target - 494.75, 480.15

SL - 507.8

Nov 27, 2020

Trade active

Entered the trade with DEC Fut.
As long as the trendline is not broken, I will be holding on to this trade.

Dec 1, 2020

Trade active

Broke the trendline, managed to hold there.
but couldn't hit our stop loss.

Sold 490 PE at 7.25 rs. If it hits our stop loss, I will be closing FUT trade, and will create Short Strangle by selling 540 CE.

Margin requirement will be almost same as shorting Fut trade.

Dec 2, 2020

Trade closed: stop reached

Stop Loss got hit.

Closed FUT trade and holding 490 PE. will create short strangle, only if the price comes down to 500.

Dec 4, 2020

Note

Closed 490 PE, as I saw better trades.