2210 trade ideas
NAMA CHEMICALS CO.A "bullish butterfly" is a trading strategy used in the financial markets, particularly in options trading. It's a complex strategy that involves buying and selling multiple options contracts with the aim of profiting from a specific market outlook.
In a bullish butterfly, the trader expects the price of the underlying asset to increase moderately. The strategy typically involves buying one call option with a lower strike price, selling two call options with a higher strike price, and buying another call option with an even higher strike price. The options all have the same expiration date.
The payoff diagram of a bullish butterfly resembles the shape of a butterfly, with potential profit if the price of the underlying asset remains within a certain range upon expiration. The maximum profit is achieved if the price of the underlying asset is equal to the middle strike price at expiration, while the maximum loss is limited to the initial cost of setting up the strategy.
Traders may use a bullish butterfly when they anticipate a moderate increase in the price of the underlying asset, but with limited risk exposure. However, it's important to note that options trading can be complex and involves significant risks, so traders should thoroughly understand the strategy before implementing it.
Morning Star Formation on Daily TF
Double Bottom to be around 29.50
Weekly Support is around 28.70 - 29
that needs to be sustained (in worst case)
Initially 30 should be Sustained
Stance: May Take Risk with a Stoploss of 28.50
on Closing basis
NAMA Chemicals 2210, LONGNAMA Chemicals have a good scipt in Oct QoQ submit loss and make Double top in month of October
NOW MAKE Double bottom and provide short term good oppurtunity for trade.
Entry 32.4
SL 31.9
TP1 33.8
TP2 34.4 ( Fib 23% )
RR 1:4
NAMA 2210 Retest and reversedetails on the chart
what do you think?
is it going up or down?
Let me know in the comments section
Stay safe!
2210 Nama Chemical - Tasi : Bearish : ShortI belive we will see dip in the price from here .. stop loss and take profit in the chart
