Broke an important support expecting more fall to come over the next few months, can short near otm CE options on monthly basis until trend changes.
Expecting banknifty to stay within the channel. Trade 1: Short Straddle - Medium Risk SELL 19000CE: 64.6 * 20 = 1292 SELL 16000PE: 47.3 * 20 = 946 Total profit = 2238 Rupees Trade 2: Iron Condor - Ultra low Risk SELL 16000PE: 47.3 BUY 15900PE: 41.45 SELL 19000CE: 64.6 BUY 19100CE: 55.85 Total Profit = 64.6 + 47.3 - 41.45 - 55.85 = 292 Rupees
Can sell or buy as per flag break and book profits on Fib retracement ratios
For Learning purposes
BTCUSDT broke out of the conolidation channel on D TF,
Breakout observed on wedge pattern BUY on D timeframe
if breaks up target is the first FIb retracement, if breaks down no support in sight, so trail SL
Judging by the chart, Low risk: BankNifty is expected to stay below 21000, hence 21000CE option can be sold which is currently valued at 23. Has a premium of 23*20=460 per lot. Medium Risk: 20500CE option sell, premium left= 61*20=1220 per lot. High Risk: 20200CE one lot sell = 117*20 = 2340 per lot.
Triangle/Flag broke on the bottom short active
The stock is testing the 365 day exponential moving average line. One can take a positional long trade once the 145 level is broken targets are as per the fibonacci retracement the final target is 175. Fundamentally strong stock.
One can take a short position in JP associates with SL at the neck line. We can look at safe options to sell SEPT 20CE which is at .50 RS which has intrinsic value of 34000 Rs.
SUNTV can take positional short in options or futures.
NSE:DIVISLAB broke through the consolidation zone indicating that it is going to form a round top. A round top has three important characteristics: A sudden uptrend A consolidation phase Breakdown If a stock satisfies these conditions and looks like this chart, it is called a round top pattern. This pattern mostly works in larger timeframes. Works much...
Vedl can be bought now for a target of 260. Stop loss around 242 which is the point from which it gapped up to break the ascending triangle which is a strong buy sign. Best setup is to book half profits at 260 and wait for it to break the resistance zones which will allow it to reach 280 levels.