SUMMARY
-stock has created inverted pole flag pattern which is bearish
-ultracemco results have been subdued
-all cement stocks are taking a beating
-ultracemco sets the bar
-now the stock is a high beta
-volatility is huge
-will play the stock thru options
-please wait for the stock to break and close below 500
-it will open up a move towards 470-75
AMBUJA CEMENT 500 PE
BUY@16
STOP@9
TARGET@25-30-35
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
-stock has created inverted pole flag pattern which is bearish
-ultracemco results have been subdued
-all cement stocks are taking a beating
-ultracemco sets the bar
-now the stock is a high beta
-volatility is huge
-will play the stock thru options
-please wait for the stock to break and close below 500
-it will open up a move towards 470-75
AMBUJA CEMENT 500 PE
BUY@16
STOP@9
TARGET@25-30-35
DISCLAIMER
-this is my perosnal view
-trade according to your risk appetite
-manage your risk
Trade closed: target reached:
FIRST TARGET HIT
🙏🙏🙏
🙏🙏🙏
Trade closed: target reached:
SECOND TARGET HIT
🙏🙏🙏
🙏🙏🙏
Trade closed: target reached:
THIRD TARGET HIT
Comment:
500 PE @103 NOW
😳😳😳
😳😳😳
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*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
TRADE ACCORDING TO RISK APPETITE