It made a big red candle on Friday with good volume. may consolidate and fall further
the rsi is yet to get into the oversold zone
the blue lines may act as a supply area.
SL 478
Entry zone - 469-474
Target - 428
Above are spot price- If trading futures do keep a check on spot prices, if trading options keep a watch on premium decay as in second half of month the decay is more than the first half of the month
Happy Trading
MSK
the rsi is yet to get into the oversold zone
the blue lines may act as a supply area.
SL 478
Entry zone - 469-474
Target - 428
Above are spot price- If trading futures do keep a check on spot prices, if trading options keep a watch on premium decay as in second half of month the decay is more than the first half of the month
Happy Trading
MSK
Trade closed: target reached:
That's the problem with safe entries :) .. times when you don't get something like a perfect entry.
As it didn't touch the sell zone, I didn't trade but yes based on analysis the target reached
As it didn't touch the sell zone, I didn't trade but yes based on analysis the target reached