MOTHERSONS Breakout Trade Long Setup NSE:MOTHERSUMI
Buy Around 235-240
Target 270, 285, 300++
Stop loss below 224 on Daily Closing Basis
Mothersumi has retraced 50% from the top and reclaim all its gain.
Has formed cup without handle
Given Breakout of Cup Pattern
Good risk-reward trade against 26 points Sl against 60 Points target
Price, Volume, and Momentum positive
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Intrday
Bank Nifty - Getting ready for 34600 ? | 31st MarchBNF has formed Cup and handle on 15 min time frame
If opens flat tomorrow/moves up after opening minor gap down then this set up can work beautifully. If BNF breaks 34K successfully then first target will be 34300-350.
If 15 minute candle breaks 32300 then aim for target of 34550/34600
P.S. Plz ignore above pattern if BNF starts trading below 33350-300
HOW TO TRADE IN RANGE BOUND MARKET
Every week we got one or two days
where there is no momentum and market trade in a Range.
this is best scenario for option selling.
sell CE option on top Using nearest resistance as
SL. Then Hedge position with selling PE near Support.
you will make money in all scenario ,if market remains
in a range , breakout or Breakdown.
1 . RANGE BOUND MARKET :- you will get benefit from premium cutting.
2. break out :- if nifty gives Range breakout and sustain , in that scenario , we Exit from CE , and carry out PE position
using Trail SL.
3. Break down :- if nifty confirm Breakdown , same thing exit from PE call an d carry with CE.
Hope I can answer your question .if you have any doubt plz message me.
Thanks
PS :- option selling is Risky .Test your setup and practice on paper and then take trade.