Get started

Buy-setup

BPCL : Break out trade potential...BPCL CMP 380.50 - since June 2020, we observe, BPCL consolidating in channel and then giving a spike up or down - channel zone is nearing breakout time zone - momentum might be seen above 389 - multiple support between 355-368 - at CMP & on dips the stock provides good risk::reward ratio to go Long for targets of 408 / 440 / 473 - Stop loss if trades below 353 ___________________________________________________________________________________________________________ Alternatively one may consider selling 28 January 2021 expiry 360 Put option between 9-12 (CMP 9.5) Lot size 1800 Max profit potential Rs 16200/- - Rs 21600/- per lot Inbuilt Loss protection in strategy for a fall in price up to 351-348 till January 28, 2021 Take care & safe trading...!!! Hit the Like button / comment below if you find it useful Follow for more such trading ideas... Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BPCLLong
by indiamarketoutlook