MAHINDRA & MAHINDRA LTD
Long
Updated

M & M - Long Strangle for May Expiry

snapshot


M & M is showing weekly trendline crossover on daily time frame. Long strangle positional for may expiry may give huge rewards

trade 1 - Risk 7k, POP 30%
+1x M&M 25MAY2023 1320CE - 2.15
+1x M&M 25MAY2023 1250PE - 8.1

trade 2 - Risk 12k , POP 39%
+1x M&M 25MAY2023 1280CE - 9.25
+1x M&M 25MAY2023 1250PE - 8.1

Please check the trade at your end.
Trade active
SL at cost. Keep riding.
Crossover trendlines is always an opportunity

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