Swing long recommended ---> stock is at good support @ 900 Tgt of 930 -> 980 -> 1000
NO Stoploss great stock ..--> keep in holding also Special option strategy can be deployed
+1 * 880CE
-2 * 910CE
+1 * 1010CE
-1 * 1030CE
+1 * HCLtech Futures
this at good price will give a downside profit of 1800 but will capped profit to 21K
Federal bank is showing good sign of coming out of retracement to possible upside, candle closing important
BUY: - 54 - 55.35
Targets:- 57 - 60 - 62
MFI increasing -> buy when above 50 mfi
Trading setups :
1. Best would be monthly income strategy
Sell 50PE + Buy 48PE (hedge) giving 9 % percent return monthly ---> or else ( Buy 40PE ) can also be used as...
The stock has been continuously going up for some time in an aggressive manner and has reached the previous high (supply zone) ...
. Shooting star pattern has been formed though the upward wick is small
Expecting a healthy retracement till 240 level when crosses 270 mark while going down
Safe : sell PE above 290 at good cost ... AUG and SEP...
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: ...
HCL has given a great breakout as expected with good earning report it sky rocketed ...
For some time the stock is in consolidation mode ===> also overbought mfi multiple times
Major Resistance 720
Major Support 690
these two are to be watch and closing in atleast hourly or 4h important ...
not expecting Resistance to break ---> personally expecting a...
1. First High was created ...-> came back to support zone ( retracement zone ) --> mission to create new high
2. Attempt to break the high and create Higher High ( succeed but not by margin )
3. Again came back to support zone for spring entry to create a higher High ..
Expecting New high to be created around the level of 1440 --> 1500
Their are 2...
The stocks has given a breakout before ..-> taken support at 171 level -- again ... expecting a good upside movement
from now ... multiple targets has been given
Targets : 175 -> 177 -> 179 -> 181
1 Put Spread : Sell 165 PE + Buy 145 PE ==> breakeven 161.5
2. Straddle : Sell 175PE + Sell 175CE ==> breakeven 156-194
The stock is showing bullish sign in 4h Timeframe ... positional long can be taken.
There is consolidation zone present right above the 6403 level ..which might result in some high wick candles
MFI is showing sign of increasing .. though RSI and MACD in -ve zone --> consolidation zone very problematical
Targets --> 6664 -> 6905 (tough)
Trade setup :
The stock is showing increase in MFI also seems to be coming out of Consolidation Zone.
price has shown a good retracement ( consolidation ) in 420-430 zone.
1. Intraday setup :
buy at 440 -> tgt 450
buy at 440 -> 450 -> 462 -> 470 -> 476
3. Option strategy:
Sell ( 390 PE + 400 PE + 410 PE ) + BUY 370 PE * 3