this is in continuation with the earlier idea
BNF today was difficult but eventually completed the target of testing 50 DMA
two possibilities now from here
- reverses from 50 DMA
- tries to test the unfilled GAP nearby
I would be taking OTM options of 33900 PE as expect a GAP down, in whichever case if it reverses or if it falls will exit the overnight positions by 9:17 AM tommorow
Happy Trading
MSK
Trade closed: target reached
What a move - in spite of global market doing well BNF still managed to come to unfilled GAP - awesome
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.