USDINR Jan 1st Week View Long

Description

⋅ Jan 1, 2022 2:22 PM

USDINR is at the previous support level.
Printed two hammer at the support level with Stochastic Positive Crossover
Wait for a Dip to go long as an inverted head and shoulder pattern seems to be
forming on hourly TimeFrame...
Stoploss below the low of the hammer

Comment

⋅ Jan 3, 2022 4:28 AM

Trade did not trigger as price opened at SL point
Breaking previous low now, reconsidering that bear put spread or naked put 74PE till next support 73.8

Trade active

⋅ Jan 3, 2022 2:32 PM

continuing with long view - taking bull put spread

Comments

vipulrai44

⋅ Jan 3, 2022 5:12 PM

very good analysis

tusthecool

⋅ Jan 24, 2022 5:57 AM

May I know at how much lot size we can take in options as the volumes are low at times

NeelamN

⋅ Jan 26, 2022 7:45 AM

@tusthecool, minimum 100 lots are easily tradable even if volumes are low, that's my experience...

rajusahu1989

⋅ Jan 5, 2022 5:56 AM

thanks for analysis I have also entered in bull put spread, can you share your price of entry if possible