Reliance InfraScript - Reliance Infra
CMP - 39.70
Resistance - 43
Daily Charts
Current pattern (if any) - Higher top and higher bottom / bullish
Candlestick Trend / Pattern - BE
DMA - Bullish
MACD - Bullish
RSI - Bullish
Divergence - NA
Hourly Charts
Current pattern (if any) - Bulish Reversal in an uptrend
Candlestick Trend / Pattern - Green reversal candle followed by a confirmation candle (in progress)
DMA - Neutral / bearish reversal
MACD - Neutral / bearish reversal
RSI - Bullish
Divergence - NA
Intraday Charts
Current pattern (if any) - Double bottom or Rounded bottom / bullish
Candlestick Trend / Pattern - Green reversal followed by confirmation candle (complete)
DMA - Bullish reversal
MACD - Bearish / can see a reversal
RSI - Neutral
Divergence - NA
Final View - Buy for short term
Relinfraoptions
Reliance Infra strategy with cheap InsuranceHi all ,
No naked buy /sell of put/call , Target mentioned on chart
Buy 420 March call @ 7.25 (cheap insurance against our real trade below)
Buy 420 April put @ 24.5
I see a risk of 5 rs in this trade i.e 1300*5 = 6500
So you need a capital of 1 lakh for this trade, People with lower capital ,this trade is not for you.
Trade must be exited if we see profit , or on march expiry next week.(with whatever profit /loss )
No over leverage ,options are risky , consult your financial adviser before investing