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kleympermina
Nov 17, 2021 10:46 AM

PRICE ACTION ZONE : M_M Long

MAHINDRA &MAHINDRANSE

Description

M_M is very close to ALL TIME HIGH, Wait for Price Action and take Entry at RETEST as it helps to avoid False Breakout and For Aggressive Trader take 1/3 rd of your QTY and Later On add at Retest and Take SL at 1ATR from Support or 20 EMA
Comments
Rosy01
Bought Dec 1000CE today.
kleympermina
@Rosy01, Buying DEC 1000CE individually is very risky as breakeven is 7% away and total risk is 16K instead you can BUY DEC 960 CE and SHORT DEC 1000 CE in which total risk is 7K and Max profit is 20K and Margin Requirement is 32K, Theta is almost negligible , only 5 % up move for max profit if you hold till Expiry
Rosy01
@kleympermina, Thanks for the suggestion :)
kleympermina
@Rosy01, Your Welcome
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