As of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum.
If we look at the price of March 3400CE is trading at 40 and 3500CE is trading at 21. Adding one lot each which will cost around (6000+3135) 9135. It can give more than 100% return.
STOPLOSS- If the main TRENDLINE broken exit the position
TARGET- If the spot gives a high of 3% exit the 3500CE and book profit and hold 3400 CE
DISCLAMIER-
THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITION
WILL KEEP UPDATING.......KEEP FOLLOWING...
If we look at the price of March 3400CE is trading at 40 and 3500CE is trading at 21. Adding one lot each which will cost around (6000+3135) 9135. It can give more than 100% return.
STOPLOSS- If the main TRENDLINE broken exit the position
TARGET- If the spot gives a high of 3% exit the 3500CE and book profit and hold 3400 CE
DISCLAMIER-
THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITION
WILL KEEP UPDATING.......KEEP FOLLOWING...