Jindal steel backtested 2 yrs data. Sideways/Neg move expected.

JINDAL STEEL & PWRNSE

Description

⋅ May 26, 2020 8:08 AM

For all cases, where daily returns are >9% on closing basis, the stock moves sideways/negative returns (on daily basis) on next day.
We can safely short 110 CE for weekly expiry.

Beyond Technical Analysis