The stock was moving in sideways channel --> it broke with very much difficulty
It is now showing signs of spring entry ...
Multiple red candle touched the breakout level and now a jump in price is seen ... possibly showed retest of resitance zone ...
Main trade setup can be expected ...
1. Buying ITM CE --> why ITM because if price decrease we don't want to lose to time decay .
2. Selling OTM PE --> this OTM PE can be sell .. price on safe side can be should be below Support Zone (green)
It is now showing signs of spring entry ...
Multiple red candle touched the breakout level and now a jump in price is seen ... possibly showed retest of resitance zone ...
Main trade setup can be expected ...
1. Buying ITM CE --> why ITM because if price decrease we don't want to lose to time decay .
2. Selling OTM PE --> this OTM PE can be sell .. price on safe side can be should be below Support Zone (green)