Around the World, Indice Derivatives are the highest traded contracts.
Understanding the Indice's formation is more important to trade them.
90% of the Global Indices are Capitalized weighted and to understand their formation, we need to go deep in to the mathematics to reconstruct the Indice based on allocated weightage of the stocks.
The Primary advantage of...
Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 -...
Bankbaroda took trendline support and bounced back in previous session. Stock has undergone a decent correction and showing early symptoms of recovery. Mean reversion traders can initiate a risk defined bull call ladder at current stage.
+1x 29AUG2019 115CE - ₹ 4.3
-1x 29AUG2019 125CE - ₹ 1.5
-1x 29AUG2019 130CE - ₹ 0.85
Max. Profit ₹ +36,225...
Buy Pending Bankbaroda 94.55/- Stoploss 91/- Target 98.10/-
Charts showcase some technical points which help me to rethink about this trade. with a changed entry,profit objective and unchanged stop loss