PEL - Bearish Gartley
Updated
Barish Gartley observed in PEL. Also levels near daily resistance zone.
Wait for a strong terminal candle before entering.
I'll be entering (if there is confirmation candle) with a combination of put options as IV is high.
Views only for educational purposes. Do your risk assessment before entering financial positions.
Wait for a strong terminal candle before entering.
I'll be entering (if there is confirmation candle) with a combination of put options as IV is high.
Views only for educational purposes. Do your risk assessment before entering financial positions.
Trade active
We are long on 1340 PE and short on 1300 PE (to avoid time decay).Trade active
Started profiting around 20% of risk exposure. Partial exit at this point is advised.Trade active
Look at today's volumes... Stock already down by 40Rs. from our buy point, and now volumes confirming. Positions can be added on pullbacks.Trade closed: target reached
From 1337 to 1277, my target is reached.
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