NR Decay trade BPCL is trading at 524 BPCL 510 PE @ 7.30 BPCL 540 CE @ 8.05 Initial credit 15.35 Breakeven 494.64 and 555.35
SNR Decay trade PNB is trading at 144 PNB 135 PE @ 0.95 PNB 150 CE @ 2.0 Initial credit 2.95 Breakeven 132.05 and 152.95
SNR Decay trade Indigo is trading at 1206 indigo 1150 PE @ 7.60 Indigo 1300 CE @ 4.45 Initial credit 12.05 Breakeven 1137.95 and 1312.05
SnR Decay trade Dishtv is trading at 79.65 Dishtv 75 PE @ 0.75 Dishtv 82.5 CE @ 1.30 Initial credit 2.05 Breakeven 72.95 and 84.55
The resistance has been broken and the new support has been tested twice. The volume lead to a gap up. the momentum is not sustainable, retracement is likely. if the new support is broken. Will short post the formation of the candle below the support Keeping a point above the new resistance as SL.
Ascending Triangle. Long on complete formation of green candle above the resistance. Keeping Resistance which will become support as SL. Will follow this closely.
Channel Trending Moving in upward channel. Would long it 64 with SL of 59.50 (Low of red candle body) Target of 76.
ABCD Formation. Short at low of candle D. Will update the rest shortly