ONGC
Closing Price 85.75
- Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective.
- Momentum might be seen once is pushes past the yellow trend line
- Target for the set up - 103 / 115 / 133
________________________________________________________________
Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option
around 3.5 - 4.2
Lot size 7700 ( Lot size has increased from July series)
Maximum profit potential Rs 26950 / Rs 32340/ - per lot
Yield potential 8.5% - 10.3% till 30 July 2020
In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
Closing Price 85.75
- Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective.
- Momentum might be seen once is pushes past the yellow trend line
- Target for the set up - 103 / 115 / 133
________________________________________________________________
Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option
around 3.5 - 4.2
Lot size 7700 ( Lot size has increased from July series)
Maximum profit potential Rs 26950 / Rs 32340/ - per lot
Yield potential 8.5% - 10.3% till 30 July 2020
In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
Note
80 Put option updateCMP 2.8
Recommended sell between 3.5 - 4.2
Consider booking profits in strategy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.