Wipro
CMP 347
We observe
- Wipro chart has done a gap filling activity
- trading above 20 day EMA currently around 338
- 365 important gap resistance level
Strategy: Given the chart set up
One may Consider selling Wirpo November expiry Call Option
Strike Price 360
In the range of 4.6 - 5
(CMP 4.6)
Lot size 3200
A 3 day close below 20 day EMA would...
Gaps are a very good strategy to work on. Gap is formed when there is a price difference between opening price and closing price of two consecutive candles. Most of the time gaps are filled by 80-95% or sometimes even by 100%.
