I found this stock was falling from high value almost a year, the fundamentals are strong, this is a good stock for holding. If it bounce back and trades above 823 with a stable candle then the trader can enter into buy position.
After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the...
The stock may face resistance around 200 odd levels and could find some support around 160 levels.
Given the setup one may consider the following strategy
YES BANK 190 CALL OPTION - cmp 8.5
YES BAK 150 PUT OPTION -cmp 9
The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your...