ONGC
- After making a low of 119.85 on July 6, 2022 the stock has managed to defend the low thereafter
- since Sept 28, 2022, the stock has made a higher bottom higher top formation
- managing a close above the yellow line could open the doors for further upside potential of 154 / 158 / 166
Buy at CMP and on dips towards 136.50
SL Keep a SL at blue line ( around 130 ) initially on closing basis and later trail SL to green line
F&O trading strategy
Sell 135 Put Option
Buy 130 Put option
Profit potential of approximately 10% on Capital
Take care & safe trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- After making a low of 119.85 on July 6, 2022 the stock has managed to defend the low thereafter
- since Sept 28, 2022, the stock has made a higher bottom higher top formation
- managing a close above the yellow line could open the doors for further upside potential of 154 / 158 / 166
Buy at CMP and on dips towards 136.50
SL Keep a SL at blue line ( around 130 ) initially on closing basis and later trail SL to green line
F&O trading strategy
Sell 135 Put Option
Buy 130 Put option
Profit potential of approximately 10% on Capital
Take care & safe trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
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.
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.