::This is just for education::
RBLBANK share price had fallen around 10% (closing basis) after Sep. quarter result. Although the result has improved from last quarter. So in my opinion it should not fall much, chart pattern is also indicating the same.
As indicated in chart, it can take support at 160 level, and can face resistance at 200 level. I think butterfly option strategy can be applied here.
Strategy:
Need experts opinion!
RBLBANK share price had fallen around 10% (closing basis) after Sep. quarter result. Although the result has improved from last quarter. So in my opinion it should not fall much, chart pattern is also indicating the same.
As indicated in chart, it can take support at 160 level, and can face resistance at 200 level. I think butterfly option strategy can be applied here.
Strategy:
- Buy 1 lot RBLBANK NOV 160 CE (Support price)
- Buy 1 lot RBLBANK NOV 200 CE (Resistance price)
- Sell 2 lot RBLBANK NOV 180 CE
Need experts opinion!