Hi All,
No naked buy /sell /put/call
No over leverage , Use following strategy
Buy 330 April call @ 15.25
Buy 320 April put@ 8
Targets as mentioned on charts , Let it move in any direction , we will make money.
Our champ(@AbhishekHSinghCMT, if you dont follow him , you should start following ) has posted abt crude oil fall , So if crude prices falls...
The range marked by the magenta lines comes across as a classic Wyckoff Reccumulation zone. The volume signature and the recent rally confirms the bullish view. A breakout past the higher end of the range and a successful re-test would get me interested in this stock from the long-side.
Am watching this stock with interest.
Hindustan Petroleum has been in uptrend and become more then double in 11 months, it has been trading at channel resistance and may target towards support some where between 450 in near term or it may break the channel to go further upward so SL is small 505
