Bullish trade in Kotak Bank | Options

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Kotak Bank

Bank is in bear zone for long, looks like to rebound as per dour indicators
Hence taking bullish trade with hedges

Shorted 1900 PE
Hedged around ~1750

Target 20k+ per lot

Updates to follow
Nota
made ~2 point/lot profit in Jan expiry, Rolled over to Feb expiry. Price went against trade yesterday, so updated position


Here's my current position ( FEB expiry)

1900 PE shorted at 134
17660 PE bought at 10.75
Nota
Booking 70% around 105. 30 points profit/lot ~12000/lot
Nota
100% booked around 100, will reenter if kotak falls again or breaks out 1800
Chart Patterns

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