One may consider to buy at CMP and /or on dips towards 320.
Momentum might be seen above 335-338 zone.
Target for the current setup 360/372
Keep a Stop loss if closing is below 315.5
Alternatively one may consider the following FNO strategy
Sell BPCL 320 PE
Lot size 1800
Max profit potential Rs 20700 if stock stays above 320 on 27 ...
In our previous update we had highlighted the Buy zone for Dr Reddy. And boy oh boy it did just that. It touched the buy zone and is up almost 3% from those levels.
This is what charts can help us with. Plan the trade. ...
The stock is likely to head towards 2920 / 3215 levels in medium term
The pattern gets invalidated if the stock closes below the red line on a weekly closing basis
Take care & safe trading...!!!
One can consider to buy in the range of 1150-1160.
The stock can be looked for short term Target of 1196-1204
Keep a Stop loss if trades below 1137 on closing basis.
Take care and safe trading...!!!
Chart can tell you secrets but only in its language. Its up to you to understand it.
Its simple and is one for long term investors.
Everything is on the chart!
Consult your advisor before making decisions.