No view. It is just part of a discussion. So just archiving a good chart and sharing if it is useful for someone else.
Due to Durga Puja and Sree Leather's strong majority sales in Kolkata I am betting the buy. Corona itself is fearing the crowd in the stores haha.
It is based on candlestick formations. As per charts.
As per charts. If the sell triggers downside it will end in consolidation so I will skip.
Referring view of @unofficed The TSL of all systems will be PDL.
Shorting Bias (It means why I am looking for short BUT it only triggers short when PDL breaks) based on comments of news of Boeing - Industrials were held back, however, by a fall in Boeing (NYSE:BA) after the aircraft maker cut its forecast for demand and warned it could take more than a decade to recover from the Covid-19 pandemic. The aircraft maker...
If the low of today's break; the sell will trigger. If the low of today doesn't break; then wait for the same thing to trigger next day. If it doesn't break the low, DON'T Sell !
Sell Axisbank 450PE at 21.4 Sell Axisbank 450CE at 17.7 Unusual IV! Further plan - If Axisbank breaks 475 I will rebalance. (Will update here) On downside; I will take delivery.
This is an enemy stock of mine. If I trade it will do opposite to make me loss so I don't trade it. (I do CE PE though.) Posting it as someone requested - Technically it is buy but I "feel" it will trigger stop loss sooner or later and also trigger sell.
Basic use of reverse psychology. Intraday Sell Point is Intraday Buyer's TSL point. But, The correct "Sell" trigger is far below. Hence it is called "Aggressive".
Anyways I don't think of a sharp fall because of results season. Just keeping a conditional GTC. I will not take if it triggers before 9:20:00. (Sometimes IT companies do extreme movement on first 5 mins during results seasson)
One Word - Consolidation. It is moving within a huge range and right now despite dipping and breaking the range; it reversed back quickly. Government's bearing on interest on interest will not have "huge" impact but it will definitely can make an euphoria .. the ones we saw world market crashing because of Trump's covid news.
I am rooting for a vertical breakout. I will likely will do PE Vertical spread. (Unless it gaps up huge.) Also, will skip the sell trigger. (May sell Call options at the upper channel line. Will update the position in market time.
Sell 20900PE + Buy 20700PE Sell 21800CE + Buy 22000CE
As per charts. As my other Trade Infratel got screwed as I took it aggressively. I will wait for proper entry on this one and well as Infratel's.
What was resistance can turn support. You should wait for proper buying point but I am buying with stop loss aggressively. Alternatively You can sell a Put vertical spread.
As per charts. Anyways, there is a chance it can trigger next week.
As per chart. It doesn't trigger buy unless it triggers buy! Although I am bearish on NIFTY, I am highly bullish on BankNIFTY for my own reason. Anyways, I will suggest for a vertical spread. Sell 21000PE+ Buy 20800PE