This is a high risk trade and SL will be tight.
Hind Petro has made double bottom on 200EMA with divergence on bottom indicators.
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
DLF is taking support alongwith mild divergences shown by all the three RSIDIV. Long position can be taken.
Also we can take PE bull spread by selling PE 335 at 11.2
and buying 320 PE for approx : Rs 5
Max profit 15 K and profitable above 330. Max loss 30K. Though risk reward ratio looks odd, we will benefit even if DLF doesn't...
Be careful: Do not follow me blindly; this setup is for educational purpose only.
Long if first hourly candle closes above buy point. Result day!! So, sudden reversal is possible. Risk reward is good, but on a very volatile day.
Targets and stops are mentioned.
Setup has good divergence also.