ADANIENT script has completed it's correction and has reached it's important support level. Heavy trading volumes is seen in the script indicating accumulation phase. The script can give reversal to upside.
Trade idea - Buy 170CE / 175CE April expiry. Futures traders should hedge due to the higher risk from higher lot size. Shorting PE should be avoided
Script is in a downtrend and has reached strong support zone. The script should hold on current support level and if current level is broken the downfall can be much more. Low risk high reward trade
Long Jetairways with target and SL as mentioned
IBULHSGFIN short trade idea. Script is in a downtrend and formed falling wedge pattern. It has broken the wedge pattern but the breakout lacked bulls strength. The script is weak till it breaks recent lower high. Script may touch lower channel level first / support zone before seeing a buying pressure.
Trade idea - Short 1240CE / 1260CE April expiry or buy 1200PE ...
Stock is moving in a downward trend making Lower highs and Lower Lows.
Trade Idea - One may sell 500CE / 480CE for Mar'18 month expiry and may keep shifting the strike position to lower side as stock moves downward.
Stop Loss - break of last Lower High on closing basis to be considered as SL.
For educational purpose.
Technical analysis suggests that the stock is making higher highs and higher lows. The stock has corrected along with Index (Nifty) in month of Feb'18. The stock is trading at its immediate support / trend line. The script looks good candidate to take positional trading. My view on the script is on the long side. One can long on the script at current level with ...