Note: This is for educational purpose only.
There seems to be a bullish breakout with ultra high volume from both rising channel as well as breakout from long term support turned resistance. RSI is above 70 so there will be a consolidation/ side ways movement before the next up move.
Price nearing April 2020 resistance, if breaks and closes above strongly then one can go for BUY.
If price come back to trend line support and if you are an aggressive trader then go long with small stop loss.
After the block deal of share transfer between the holding entities, Siemens India rallied and consolidated near the upper trend line of the triangle pattern.
On 03 July 2020, long green candle was formed in day chart above the upper trend line of the triangle pattern. Volume saw a huge spike indicating a big money move.
If the price sustains above the upper...
Strategy for today and monday. Trade must be terminated on Monday EOD
No Naked put-call Buy/sell
Buy JAN 1260 Siemens call @ 21-24 range
Sell JAN 1280 Siemens call @ 12-13 range
Don't buy more than 1 lot , You need capital of 1 lakh.
Keep supertrend stoploss of 1256 on closing EOD basis , target 1280 whichever comes first.
This trade must be...