rasingh3984

rasingh3984

Stock breaking down word trendline on hourly chart. To limit the risk one can go for bull spread.

rasingh3984

Why:- 1. Stock has been bottom out as per the last swing. 2. Monthly expiry short covering may happen. 3. Risk Reward ratio is favorable. 4. 50 EMA touched 200 EMA. (Indicates golden cross over) 5. Today's daily canadle - Shooting Star I will buy Sep 1500CE and sell 1600CE as a SL.

rasingh3984

Contracting triangular formation. Bank nifty following trend line very strictly. Plan tomorrow's expiry as per the trend line. Keeping eyes on Today's supreme court decision about Moratorium interest.

rasingh3984

Bank Nifty Short call - Watch trend line for levels

rasingh3984

Why this long call? 1. Nifty Positive 2. Rounding bottom further could be extended in cup and handle pattern.

rasingh3984

1. Target 700 2. Short Covering

rasingh3984

Why long call? 1. Monthly expiry we can see short covering. 2. Stock broke the down trend line and moving. 3. Bank nifty is in over sold territory. Sold 1100PE @ 9.85

rasingh3984

1. Green candle starts from 7734 from lower levels 2. Joined to 9870 (Top green candle body) 3. Took Pull back from 9049

rasingh3984

HDFC bank long call idea:- Points to keep in mind if want to trade. 1. US futures should be up i.e should be in positive territory. 2. To capture this move call can be hold only for two day till expiry.

rasingh3984

Targets as per trend lines till expiry. Already holding a long call on this. VWAP Details:- 20-Apr-2020 1,193.96 21-Apr-2020 1,139.48 22-Apr-2020 1,143.24 23-Apr-2020 1,219.86 24-Apr-2020 1,240.67 27-Apr-2020 1,300.57 Most probably I will book profit tomorrow. Please share suggestions or any idea.

rasingh3984

1. Took support from trend line support and lower levels of 1900. 2. Monthly expiry short covering. 3. + global cues 4. Package hope TARGET 2150-2200 Already took 2000 CE this month.

rasingh3984

Took support from lower level. May be consider for buying.

rasingh3984

If Nifty follow this trend surely we can short in Nifty at level of 9300-9400.