Dear Followers,
I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock
MCX
I have been monitoring. Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 2850-2840 level then possibly we can see 2730-2690 level so if you are ready to take Risk then I have 2 Strategies For Month Of November Series that we can Deploy.
1)Buying an Option
Strike Rate= 2760 PE
Buy Price= 21-22
Stop Loss= 13
Target = 30,35,43
Time Frame 4-6 Days
Investment = 8800
maximum Loss= 3600
Profit Upto = 8400
2) Hedge strategy
Stock Name-
MCX1!
Future Entry Level - 2845
Future Stop Loss Level- 2900
Future Target Level- 2690
Option Level- Buy 2860 CE
Investment = 16500
Maximum Loss = 17000
Profit Upto = 63000
Best Regards,
Trade active:
Future Sell Order Executed