Hpcl form inverse H&S patternHPCL forms inverse H&S pattern. it may test 295 and 309 soon , yesterday it was given BO of neck line 277 so can buy for mentioned targets.
or Can buy 280 CE for sept month series.
Hpcloptions
HP Short idea Weekly Bearish Shooting StarWeekly candle Big bearish shooting star
Daily Candle closed below support line
H4 RSI diverge making a lower low breaking support line
H4 MACD Crossover signal to go short
"Can we Buy 230 PE and hold for two weeks"The Energy sector is weakening.
Further news of Imports which may hit the bottom line.
Already the picture is bleak as the average Asian gasoline profit margin this year as of Sept was $4.12 a barrel, down nearly 45% of its value when compared to the same period in 2018.
Trade Execution :
The 230 PE for Sep 26 expiry is trading at 1.60 odd & Cash Price is at 260.
The potential 5 Times is there if the cash price reaches around 230.
Potential Trade of the Month for me.
Risk no more than what you can afford to loose.
HARIBOL
Disclaimer - This is not an advise for you to trade but a journal for my use/record of the trades that i am taking.
HPCL - crude oil price (Our Champs post)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 , our HPCL will move up . Below is post , please go through it.
