MGL
- The zone of 780-800 acted as resistance in the month of June and July
- it broke past its resistance in Aug and made a high of 925
- now it is back to 780-800 zone
On charts, Risk::Reward ratio looks favorable to go long
With a SL at 755 on closing basis, one may look to go long in the stock
Buy zone: 780-800
Time frame: Medium to long term perspective
Target 920 / 966 / 1030
__________________________________________________________
F&O strategy
Alternatively one may consider to sell 27 Oct expiry 750 Put option
The strategy has a profit potential of 10% - 11% and provides protection for a fall up to 734
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- The zone of 780-800 acted as resistance in the month of June and July
- it broke past its resistance in Aug and made a high of 925
- now it is back to 780-800 zone
On charts, Risk::Reward ratio looks favorable to go long
With a SL at 755 on closing basis, one may look to go long in the stock
Buy zone: 780-800
Time frame: Medium to long term perspective
Target 920 / 966 / 1030
__________________________________________________________
F&O strategy
Alternatively one may consider to sell 27 Oct expiry 750 Put option
The strategy has a profit potential of 10% - 11% and provides protection for a fall up to 734
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nota
Trust it helped 😊
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.