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...
This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below:
1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows.
2. Activity in the scrip can be witnessed...
This is weekly chart of Ambujacem (spot). Following observations indicate that it might soon give an opportunity to go long in this scrip:
1. It has been trading in a range 185 to 280 since May 2014. It has made a low of 188.50 in the last week and finally closed at 190.45. This implies that it is trading at lower range near support which has been respected many...
Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break.
Buy above - 263.50
Target 1 - 268
Target 2 - 275
Stop loss - 257
Short below - 257
Target 1 - 250
Target 2 - 253
Stop loss - 263.550
The price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time.
I would also appreciate any feedback on it to bring clarity to our...