Matching ratios in all legs Trade RR = 1:2.5
Educational Purpose
June 20 to June 22 Our entry is at 0.786 Take profit shown using "Trend Based Fibonacci Extension" at 0.618 level SL at 0 level
Resistance at 281 to 282 levels Short AMBUJACEM AUG 285 CE at 0.45 for a potential profit of 1125 INR
Buy when TATASTEEL goes above 650 Short when TATASTEEL drops below 630
Sell 810 CE at 7.85 Sell 740 PE at 1.5 Net Premium 14,025 2 days to expiry
AB = CD
Bounced from 0.786
Harmonics Check May 24 to May 30
Harmonics
Primary Fibonacci Ratio = 0.618 Complementary Ratio = 0.382
