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Strangle

Granules, Short Strangle SetupToday the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle strategy will work best. Hit the like button!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes. Thanks S. Simranjit Singh Virdi
NSE:GRANULESShort
by ssvirdi
Nifty strangle - Looking good ?Please provide your feedback on this trade idea, how does it look ? After a good rally on Friday, it may be possible that Index may take a halt and go into some consolidation for next few session. This may provide a good opportunity to deploy some a strangle and one can also add hedges on both side to make it Iron condor. This post is just for learning purpose and is not a trade recommendation. One must understand the risk management, adjustment , hedges and SL before taking such risky trades.
NSE:NIFTY
by aktradelearning
WHAT HAPPENED WITH MARUTI? 10000 to 6800 Journey!Maruti reached its 52W high at 10,000 and has been faaling continuously since then. The way Maruti % fell shocked alot of people, However it was not all that difficult to determine the fall and I will share, how I proceeded and made money in Maruti 5.71% . On 25 July, Maruti reached its prior top weeks high zone of 9900-10000 again. It was a good resistance and If it is broken with Good volumes, Maruti can go upto 12K-13K, The next day Maruti reversed from the resistance zone and created a Double Top (as shown in the chart), also the Day Candle formed a Bearish Engulfing Pattern which indicates the start of the downfall. Double Top Pattern is a fairly successful pattern and Share is expected to reach the neckline at 8200-8300 zones before changing its direction. Maruti immediately the next day formed a large 500 points Bearish Candle which gave me good profits, And I continued waiting for my Initial target of 8200 (Neckline). In the meanwhile share gave a lot of green candles, But I since I was already in profits, I had margin of bear some green Candles. Each time Maruti showed a couple of green candle, a Big Red candle wiped out gains forming Bearish Engulfing Pattern repetitively, which posted my confidence. Share reached up to 9000 after that Rose 250 points. I though of squaring off position but the prior experience showed that there has not been 3 consecutive green candles in the past 9 months, So I decided to wait for the next day. Maruti reversed and showed red candles for the next 3 days and formed a 3 Blacks Crows pattern, which is sign of huge fall coming. Near 14 September One Gap Up for formed, but the next day there was a Gap Down thereby forming a Evening Star Pattern. On 19 September, Share finally reached my initial target of 8200 after I squared off and decided to play a LONG STRANGLE, to up my possibilities of winning. I took a Put and a Call at 3% Difference. Soon The share broke the neckline and started to go more downwards, I squared up my call and waited for gains in Put. Every person has different way of Analyzing. But the idea is to hold onto your faith and continue with your strategy. Even the basic Candlestick patterns have the ability to reap you awesome results. Thanks, i hope this is Helpful. Keep sharing the list of shares you want an analysis on. Thanks :)
NSE:MARUTIEducation
by prathamaggarwal
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