Hi All,
No naked buy /sell of put/call.
Strategy :
Buy 1300 call march expiry 1 lot@ 18.5
Buy 1300 put march expiry 1lot@10.5
Dont overleverage and buy 5 lots bcas put is available at 11 rs .
Expecting LT to go to target as shown in next 3 days.
Options are risky , consult your financial adviser before taking trade.
LT is trading above a 6 month old support zone . One can go long with a Stop loss just below recent low.. If it breaks below support zone it can be shorted
Folks ,
Execute following strategy quickly :
Buy 1 lot 1380 call @ 31
Buy 1 lot 1380 put @ 35.5
What say guys larsen wont move up or down by 67 rs in next 10 days ?
you got it , one of option writer is not correct.
Let's see , Don't overleverage and by 10 lots , Just play in 1 lot .
So we will square off if price goes to 1310 or 1450 whichever comes ...
Larsen and Toubro
Monthly chart
CMP 1372
Target 1600 plus
Stop 1250
1)Series of HHs and HLs with above average volumes.
2) Broken out of 2.5 year resistance.
In Past 3 years from 2014, LT has tested this 1800's zone 4 times & went down everytime. Now it is back again testing the same zone, though we have wiggling room of 150 points in the upside, the resistance zone seems pretty strong. History repeats but for 5th time it will retrace after hitting the resistance zone or not ? Only LT can answer, but we have reasons to ...
Directionless on Direction :
Are we predicting the directions here ? Absolutely not, then that arrow pointing down ?! Hmm, As Market has went up earlier when it was in bull run, its ideal expectation that , in a downside move it will move further down ( Check Left n Right Consolidation ) . All fine if it breaks downside & moves as we wished, but what if it turns ...
Just take a very good look at charts, there are just simple lines, nothing complex or as magic. It doesn't mean complex strategies won't work.. both of them have their own pro's n cons, All you need to is completely understand what you are doing n following and sail through with that strategy even in times of downfall.
Here we are looking for upside breakout in ...
The stock is nicely formed 3 Drive pattern so it may bring halt to the ongoing uptrend. Today's Bearish Engulfing and RSI reading are also confirming the short trade. One can short the stock with appropriate Stop Loss.
https://in.tradingview.com/chart/YSFc7x00/
L&T is forming a triangle shape in 60 mins chart and it may take few days or a week to complete the triangle.
Note: I am advising to make this stock in watch-list
Trendlines and resistance are the simple tools we have used here in LT and if we get valid bearish confirmation in the zone enter shorts in LT with proper stops, if the price crosses above resistance zone, trade is invalid, No trades.
Happy Trading !
