BataIndia from 14 August 2020

The stock has been moving down for the entire june july n august month expecting it to start moving upwards again

at 1230 price level a big spike in volume seen ==> personally indicating a investor started buying it.

MFI has touched bottom zone waiting for a breakout in it ==( line has been drawn )

for upside movement trading strategy :

Calendar Spread: remember it is all option together --> try to adjust premium for good result
AUG : SELL 1120 PE
BUY 1080 PE
SEP: BUY 1400 CE
SELL 1500 CE
this is giving good return with low risk make sure breakeven is around 1110 on the downside

if stock starts moving further downside ... start adding PE in september month and position of call option on lower strike price ...

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.