Hi All ,
No naked put/call buy sell , manage risk .
Classic text book divergence shown on chart. expecting move above to 240 , stop loss of 205
Buy 220 April call , 1 lot
Sell 240 April call , 1 lot
Buy April call 230 , 2 lot
Buy April 220 put , 1 lot
Don't want the march series if it goes sideways, we will get Theta thrashing.
AMBUJACEM take Overbought zone to keep watch if break directly or pullback 38.3 retrace then break Upward
Dont enter trade now keep wait for pullback
Enter Above 235. 50 to 237.50
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
let,s see where it ll go..
above 300 it ll make flag pattern...
And below 250 it ll make M pattern ...
or more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
We can clearly ascertain from the chart, Ambuja cement is resting on 61.8 line, trying to breakthrough, seems it's weak effort. Am expecting fresh bullish momentum to upside reaching around 250's zone with stops around 238's.
If you go more keen on 15mins you can see channel's in Ambuja, As I usually say try as per your plan, just giving out one of the ways here...
After a long time the shark is returning in our trade setups but this is not solely based on shark on 15 mins, we get other supportive points also , Elliott counts & trendline break in Ambuja cement points downside, choose whatever you wish to. But always choose one & trade based on it, if you combine all this n choose , you will take trade in one setup & place...
I don't know why its raining patterns everywhere... Just one short caution : Trade patterns only if you are well-versed with it and if you know its success ratio.
We got bullish bat pattern completion in Ambujacem exactly in support zone ,similar one we got in ashok leyland also. GSTbill looks good for cement and auto's, so I'm expecting gapup, though in Nifty I...