Description
⋅ This is a high risk trade and SL will be tight.
Hind Petro has made double bottom on 200EMA with divergence on bottom indicators.
CMP: 270
Target 275
SL 265
Alternatively we can take put bullish spread.
Sell265PE at 5
Buy 257 PE at 2,5
Max profit around 6k max loss 14k
Profit if above 262