Levels are marked on chart. The stock broke out of its resistance at 330-335 zone - retested it; and then closed comfortably above it despite a red candle. The next key support/resitance zone is 350-355. Positional Trades: RR isn't attractive but price action is strong for both scenarios. Buy above 340 for 350, 355, & then trail SL if it sustains above 355 with...
Reliance has continuously taken key support form 100 HEMA. So, I will take a bet for a pullback again. It has given quite good results last 2 times (See linked idea) Momentum also looks favourable. Positional: Buy above 2106 - I would look to trail SL for targets with PDL of 2088 as SL
Gail is sitting below a crucial S/R. Buy above 102
Levels are marked on chart. The stock has been consolidating on correction mode after a bullish run. Should see some positional movements going forward.
A break below may open targets of 380 if not beyond, specially if Pharma continues its consolidation
Short Iron Condor Buy 210CE Sell 205CE Buy 190PE Sell 195PE Max Profit ₹ 7488 Max Loss ₹ 8512 Capital Required ₹ 67.01K Breakeven at expiry 192.7 , 207.3 Premium Get 7488 Margin Required ₹ 59.17K Return 11.18 %
The stock is under consolidation under a long term support turned resistance Buy if it breaks above 1250
Trade when it breaks the range - ill keep a tight trailing SL