EMA 50-day and 200-Day signals the bearish trend. Recent reversal from 50-day EMA and MACD confirms the downward trend. In the coming days, the stock would retest the downside level of 200. Expect it to expire below 200-EMA which hovers around 240 level.
Recent bounce back from buying zone which is between 50-day and 200-Day EMA confirms the bullish trend. As well, MACD signals impetus of the existing trend. In the coming days, if any stay above 775 level would take the stock to next upside level comfortably. Expect it to expire above 700 level. Lot size: 1200
On 1-Hour Chart as well as on 15-30-45m, UPL is making a solid uptrend and Cup and handle pattern.
I would recommend to buy above 963. Could take position intraday or from a week to a month.
What are your views? Let me know :)
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and...
It witnessed a turnaround by finding a breakout from recent consolidation. As well, MACD confirms the trend reversal. Expect it would expire above 290 level for this expiry. Due to low liquidity, advised to execute the transaction by placing a sell order @ 1.5.
- The stock is trading between 20 day EMA and 50 day EMA just before result announcement
- in our previous post on Yes Bank when the stock was at similar levels we had suggested that below 190 the stock may fall up to 182 (low made was 181.50) and above 198 there is a strong possibility of stock rising up to 208 (high made thereafter...
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The stock has made a high of 212.40 so far
Levels mentioned in the chart
Alternatively one may consider selling Hindalco Jan expiry
215 Call Option
Lot size 3500
Max profit potential in the strategy Rs 22750
The strategy has an inbuilt loss protection for rise in stock up to 221.50 on expiry day
Take care & safe trading...!!!
Trend continued to be in bearish note. Recent reversal below 100-EMA and breakout below wedge pattern confirms the continuation of downward fall. Expect the price would stay below 8000 level for this expiry.
Recent crossover above 200-EMA and stay above resistance (plz refer the resistance line in chart) would bring back the positive momentum in the stock. As well, MACD reiterates the same. Expect the stock would find it closing above 320 level for Jan expiry.
Recent struggle nearer at 20EMA signals that bears are still hold the control. As well, short term EMA stays below long term EMA confirms the bearish trend in the stock.
Expect it to expiry below 33 level.
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...
Moving average cross over confirms the continuity of bearish trend. As well, MACD signals that bulls would find very challenging to hold the high in near term. Expect it would stay below 90 level for Dec series. By considering the lesser liquidity, suggesting option investors to execute the order above 0.5
Outlook: Bearish. Trend is bearish as It continue to stay below 200-day EMA. As well, MACD signals bearishness by heading below zero. Expect this series would be below 72. Suggest to write 75 call @ 0.55.
- the stock has fallen more than 50% from the highs of 400 levels seen in Aug 2018
- in its attempts to pullback the stock is making lower tops on daily charts
One may consider selling Yes Bank 200 Call option
Lot size 1750
At best, The strategy provides max 13.2% profit potential on margin amount of approx RS...
As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.