Sixth attempt to cross hurdel 3962, positive divergence of MACD and RSI bullish on weekly chart, all moving avg are positive on weekly chart. Now trade setup for next month is below :-
1. 3800 CE Jan expiry @ 180.
2. 4000 CE Jan expiry @ 120 to 140.
We need to identify the price action of the security which is important for call option buyers. So one can wait to enter at 3950 or can also initiate at this level for next three weeks.
1. 3800 CE Jan expiry @ 180.
2. 4000 CE Jan expiry @ 120 to 140.
We need to identify the price action of the security which is important for call option buyers. So one can wait to enter at 3950 or can also initiate at this level for next three weeks.