Maruti: On road to some recovery
Updated
Maruti
Cmp 5126
On daily charts we observe 3 white soldiers candlestick pattern
Any dips towards 5080-5050 may be considered as entry opportunity
Target 5350 / 5575 / 5633 / 5820
SL Short term traders can keep SL @ 4980
Medium term play ( target 5620) - SL if closing below 4820
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Alternatively, consider selling Maruti 25 June 2020 expiry 4800 Put option between 150 - 180
Max profit potential in strategy Rs 15000/- to Rs 18000/- per lot.
ROI potential of 12-14.4%
Take care & safe trading...!!!
Cmp 5126
On daily charts we observe 3 white soldiers candlestick pattern
Any dips towards 5080-5050 may be considered as entry opportunity
Target 5350 / 5575 / 5633 / 5820
SL Short term traders can keep SL @ 4980
Medium term play ( target 5620) - SL if closing below 4820
---------------------------------------------------------------------------------------------------------------------
Alternatively, consider selling Maruti 25 June 2020 expiry 4800 Put option between 150 - 180
Max profit potential in strategy Rs 15000/- to Rs 18000/- per lot.
ROI potential of 12-14.4%
Take care & safe trading...!!!
Trade closed: target reached
Maruti Target of 5820 doneHigh of 5828
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