RBL Bank: Chart view & strategy

28 Jun 2020

RBL Bank
Closing Price 190.65


- On daily charts the stock looks over-bought

- 158-168 may act as support levels

- resistance at 208-212 levels and above that 230

Given the chart setup one may consider buying on dips

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Alternatively, one may consider a Short strangle strategy for the stock

Consider selling RBL Bank

150 Put option ( Closing Price 6.65)
&
230 Call Option (Closing Price 9.25)

A combine Premium collection above 15 may considered

Lot size 2600

Max profit potential 2600*15 = Rs 39000 till 30 July expiry

Yield potential of 12.6% approximately on capital deployed

Loss in strategy if RBL Bank closes above 245 or below 135 on 30 July 2020

Take care & safe trading...!!!
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Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

29 Jun 2020

Dagangan aktif

RBL Short strangle strategy

150 Put option has made a high of 7.4

230 Call option has made a high of 8.2

Giving us ample opportunity for a Combine premium collection of 15+ as suggested

The trade is active