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GaurangJoshi

Long call option

Long
INDIABULLS HOUSING (NSE:IBULHSGFIN)  
GaurangJoshi Updated   
NSE:IBULHSGFIN   INDIABULLS HOUSING
Support and Resistance optionbuying bullishmomentum stockoptions
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supportandresistance optionbuying bullishmomentum stockoptions
Took support on 4H TF.
Trade plan
Buy 560 CE September and hold till sustains above 6.85
CMP 8.5
Target 11 13 16 +
SL below 5.5

PS Only for educational purposes, Do your own research, not SEBI registered
Comment:
Looks weak, now trading at 6.05. Safe players can exit, aggressive players might stay till spot price holds 450, if traded below 450 for 10 minutes, major sell off could be seen.
Trade closed: stop reached:
SL not hit but good idea to close the trade.
Comment:
Touched low of 3.5. Minimised loss
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