BPCL is forming a Double Top which is has neckline of 345.
Delivery Based Selling Strategy:
Sell below 345,
Keep SL on high of 23rd Jan candle, which is 361.
Targets are 320-300.
Option Buying Strategy
So, for the option trading in this stock, you can choose any PUT option on BPCL, mark high of 21st Jan candle in option, once it breaks it just buy and keep SL below same day's low.
Delivery Based Selling Strategy:
Sell below 345,
Keep SL on high of 23rd Jan candle, which is 361.
Targets are 320-300.
Option Buying Strategy
So, for the option trading in this stock, you can choose any PUT option on BPCL, mark high of 21st Jan candle in option, once it breaks it just buy and keep SL below same day's low.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.