DLF LTDLong
Divergence Trade 2: Long DLF
Updated
DLF is taking support alongwith mild divergences shown by all the three RSIDIV. Long position can be taken.
CMP; 335
SL: 329
Target: 345.
Also we can take PE bull spread by selling PE 335 at 11.2
and buying 320 PE for approx : Rs 5
Max profit 15 K and profitable above 330. Max loss 30K. Though risk reward ratio looks odd, we will benefit even if DLF doesn't move at all.
CMP; 335
SL: 329
Target: 345.
Also we can take PE bull spread by selling PE 335 at 11.2
and buying 320 PE for approx : Rs 5
Max profit 15 K and profitable above 330. Max loss 30K. Though risk reward ratio looks odd, we will benefit even if DLF doesn't move at all.
Trade closed manually
Since price hovering very close to 344-345, exited at 344
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