short 13900 PE currently at 51 with 56 as stop loss and target of 10 - 15 points
In previous trade plan posted got 15 point so take a chance of SL of 5 points and target of 15 points
if new trade avoid as it may go sideways but looks good to me
After going through the chart if can be depicted that the correction is over and it may start an upward journey again.
In the chart a 'W' pattern can form, lets see if the analysis goes correct or not. If i am correct then we may see the price in uptrend.
If the next candle closes above 488 then go long with stop loss of 465.
Marico can create maximum an excess as 325, therefore buy-in steps, not a bad decision.
For example,
1st) Buy Marico @330.5, 50% using of margin from deciding to trade.
2nd) Trade, buy 325 nearby with use of remain 50% margin from the decided margin.
Best strike price to trade on Marico as per the above steps.
345 Call of marico (CMP 5.9)
345...
