DHFL Weekly View - Inside Bar

Daily Frame - 

Right now it is in sideways trend. So we can not bet on the break of the sideways trend and we can neither short (as it fell way over it should account for and fundamentally it is still good!) and neither long (given the current "Falling Like No Tomorrow" market scenario). 

Also, we can not bet on the sideways movement because there has been heavy movement; so there is no question of leverage positions as of now.

Options - 

You can not buy options as the premiums are too high due to volatility.
You can not sell options thinking it is a sideways trend because it can break the trend anytime in any direction.
Basically, it is fundamental Hold and technically No View at all.

Weekly Frame - 

It is near a long-term support (We can call it to pivot line instead.)
It made an inside bar. So we can expect a heavy breakout or breakdown.

Where to sell -  

We should sell below 265 and can resist near 252.65 which is last week's low and 250 is a good psychological level. So breaking 252.65 will trigger a breakdown towards 213.

So after selling below 265 with a stop loss at 333.7, one need to update the trailing stop loss to the cost when there is 10 points fall because our stop loss in case of shorting is too high and unaffordable here.

Where to buy - 

Based on Inside Bar Strategy - Buy at 333.7 with a stop loss at 265.
Based on Support and Resistance - Buy at 215 with a stop loss at 200.

Options Idea - 

Buy DHFL 330 CE at 4 with a stop loss at 0 and target 10. (Gambling on volatility and risk: reward.)
Sell DHFL 180 PE at 4 with a stop loss at 10. (Betting on consolidation on pivot line and not break of pivot line)

in.tradingview.com/chart/8tqp1tq0/

Trade active:

Sell order triggered at 265. Update the trailing stop loss to 260 to protect the profit.

Comment:

Update the trailing stop loss to 240 to protect the profit.

Comment:

Update the trailing stop loss to 235 to protect the profit.

Trade closed: target reached:

215

Trade closed: target reached:

Our buy setup triggered yesterday with the closure of sell setup at 215 as mentioned in "Based on Support and Resistance - Buy at 215 with a stop loss at 200."

Update the trailing stop loss to 240 to protect the profit. If it gaps down close it.

Comment:

Update the trailing stop loss to 280 to protect the profit.

Comment:

Update the trailing stop loss to 290 to protect the profit.

Trade closed: target reached:

Today it triggered ORB. Closed at 300.

Trade active:

Shorted at 300 with SL at 310

Comment:

Update the trailing stop loss to 280 to protect the profit.

Comment:

280 is hit. NO trade now.