MehulJain3a

HindPetro Short Setup

Short
MehulJain3a Updated   
NSE:HINDPETRO   HINDUSTAN PETROL
5
NSE:HINDPETRO

End of Bully Rally & Bearish Divergence

Sell Range - Rs460 to Rs480
SL - Rs510 (weekly Close)
Target 1 - Rs396
Target 2 - Rs340

Potential Return - 32%
Potential Loss - 7%

Very goood RR Ratio, worth a try...
Comment: Option Strategy

Buy Dec 400 PE - Below Rs2 ( CMP - Rs1.20)
Buy Jan 400 PE - Below Rs4.75 ( CMP - Rs4.15)

be careful with options because of time value...
Comment:
Comment:
Comment: Maruti & ONGC Similar Strategy click above charts to view
Comment: Dec PE 400 now CMP Rs4
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