sagarme2
Long

Mothersumi - Theta decay

NSE:MOTHERSUMI   MOTHERSON SUMI SYS
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Although, trade is for theta decay, it could be used for holding a long position also.

For theta decay, short Mothersumi Aug 300PE (LTP=0.50) for conservative setup and short Mothersumi Aug 306.65PE (LTP=1.10) for aggressive setup. But prefer aggressive setup only when it breaches 23.6% retracement, otherwise it could retrace from there
Exit at expiry for conservative setup. Exit when personal target achieved in aggressive setup

For long position, as green candle has already been confirmed, an aggressive trader could enter the setup with futures or EQ . Conservative folks, could wait for it to breach 23.6% retracement. Target 1=317, target 2=327.6, target 3 =339
Comment: Target achieved
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