AbhishekHSinghCMT
Short

GSFC - Selling Right Shoulder Top@154 -155 Stops -156 Target-146

NSE:GSFC   GUJARAT STATE FER
Look for weakness in 154 -155 & we look for target 146 - 144 -142 with stops above 156. Risk of 1.5 points & Gain of 8-10 points downside. To be extra cautious -take care that it is not moving & holding above 155 mark. Below 155 - High probability of reaching 146-144 & 142.
Right Shoulder in formation.

This call is only for risk takers who can afford to lose 1.5 points.
Trade active: 12:11 Hrs 5th Jan2018

Last Price@153

Session low@152.50

We book partial profits & try to re-enter on bounce in between 154-154.50
Trade active: 13:26 Hrs 5th Jan2017

Last Price@154.15

Bounced from 152.50 as expected & made double top@155 - Did you sell again -Wow!

Trade active: 13:41 5th Jan2018

Last Price@154.45

Trailing our stops to 155.05 - Making Zero Risk Trade - Already 4-5 Pip in ( No forex - pip used in forex trading)

Pip - Points in Pocket for Friday Party.
Trade active: 14:19 Hrs 5th Jan2017

Lear the basics of Double Top / Trail your stops to 154.75 from 155 -Next

Once the base/low@152.50 is broken down - we measure distance from top@155 to 152.50 & which is 2.5 points

You subtract 2.5 points from 152.50 & we get double top target as 149.50

Comment: 14:21 Hrs 5th Jan2018

Typo error 2017 mentioned instead of 2018.
Trade closed manually: 22:39 Hrs 7th Jan2018

Last Price@154.30

Closing the update - Thanks
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
okkk thanks abhishek
Reply
abhishek i bought put 140 strike rate i di right or not
Reply
@niteshkumar, Nitesh. Options is another concept as time component plays major role which will decay as time moves closer to expiration -if cash/spot price of the stock doesn't fall below 140 strike rate- you won't get better results -I mean your benefit will be limited as 140 strike rate is too far considering the Jan expiry and if you buy near strike rate option it will be costly but will give desired result faster once it starts falling below that strike rate. Let say you buy 150 or 152 strike rate -if available then as soon as cash /spot price moves below 150/152 - your results will be fast & better profit as compared to 140 strike rate option. So, to sum up -140 is far away contract which will not give the desired result as per your wish. Do contact some options guy / options expert for his opinions. Thanks & Have a nice weekend.
Reply
May I buy a PUT here?
Reply
@feroz397, Hi Feroz, You need to get in touch with options expert as its an instrument which is little tricky because of time value / time decay concept. I can just assure you that if GSFC remains beow 154-155 area it will fall to 146-144-142 levels but that may take time & won't result into desired profits if you buy a far away strike rate option. Do consider reply above for Nitesh. He has similar question. Thanks & Have a nice weekend.
Reply
Abhishek Ji Great & perfect Call .....Thanks ji
Reply
@vijay73, Sir, Enjoy & Have Party on 1st Friday of the Year 2018.
Reply
vijay73 AbhishekHSinghCMT
@AbhishekHSinghCMT, yes ji really party on tomorrow welcome to my party ...hahaha
Reply
@vijay73, Cheers!
Reply
u said 155 it didn't even 0.05 above that. Please educate me
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