Hi All ,
No naked put/call buy/sell
Following is strategy:
Buy March 255 call 1 lot @ 6.25
Buy March 255 put 1 lot @ 7.25
i.e total 13.5 Rs
What say folks it won't move 15 point in this month ? let option writers figure it out , one of the writer is wrong .
No over leverage and buy 5 lots,just stick with 1 lot.
options are risky , risk of capital...
AMBUJACEM has been trading within a parallel channel since a year.
260 and 274 could be very important levels and could determine the direction of trend in coming days.
With the cement Industry growing day by day, can Ambuja Cement breakout from the narrow band? RSI and MACD shows positive signs. Stock has seen heavy +ve volumes in the recent weeks.
First Tgt - 280
SL - 235
Hi! I trade NSE stocks using Demand and Supply zone strategy, mostly in Weekly time frame.
Here's a trading plan for AMBUJACEM
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Entry: Type 2; i.e. Wait for 1 candle to close inside zone and buy at next green candle
Trade duration (max): 2 week
Note:...
Ambuja Cemnts touching its long term support 236.90 and has retraced to 61% fibo extension, also forming a falling wedge which combines an analysis that stock is ready to breakout upward, risky trader may enter this stock at CMP and conservative traders may enter after breakout of wedge upward 247.00, this stock may retest the former level of 280.57 in near term.
