DLF Observations - the stock is currently trading in downward yellow channel - 20 day EMA at 255 - 50 day EMA around 267 -38.2 Fibonacci retracement of the fall from 332 to 232 comes at 270 Given the important levels One may consider a Bear call Spread strategy in DLF It involves selling Call option and buying higher OTM Call option Sell DLF 27 May...
Nifty In my yesterday's post I had highlighted the importance of 14460 acting as crucial resistance zone.... Nifty made a high at 14449.05 so far and reversed to give away all the gains.... Technical Analysis is all about identifying levels before hand. Waiting patiently and executing your plans when you see those levels come where risk::reward ratio is...
Reliance 1937 - We see the stock in consolidation mode since November 2020 - 2015-2045 is crucial zone for Reliance on the upper side - support near Blue line support zone (Currently near 1860) and 1800 odd levels Given the set up one may consider the following strategy Consider selling Reliance February 25, 2021 expiry 1750 Put Option (around 35) & Sell...
Could have good trade if entered Analysis only for education purpose
Analysis is educational purpose only Looks good support on trend line