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...
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The stock has jumped big time from 3-4 trading sessions back 250 odd levels to 320 odd levels
- the stock has touched upper end of trend line and has stepped down signalling it to act as...
Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles.
Trade for Long:
Buy above - 666.50
Target 1 - 668.75
Target 2 - 670.60
Stop Loss - 664.50
Note - If the...
Nifty is in a symmetric channel where there are 3 possibilites...
1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger...