ONGC: Chart set up & strategy
Zaktualizowano
ONGC
Closing Price 85.75
- Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective.
- Momentum might be seen once is pushes past the yellow trend line
- Target for the set up - 103 / 115 / 133
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Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option
around 3.5 - 4.2
Lot size 7700 ( Lot size has increased from July series)
Maximum profit potential Rs 26950 / Rs 32340/ - per lot
Yield potential 8.5% - 10.3% till 30 July 2020
In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020
Take care & safe trading...!!!
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
Take care & safe trading...!!!
Closing Price 85.75
- Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective.
- Momentum might be seen once is pushes past the yellow trend line
- Target for the set up - 103 / 115 / 133
________________________________________________________________
Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option
around 3.5 - 4.2
Lot size 7700 ( Lot size has increased from July series)
Maximum profit potential Rs 26950 / Rs 32340/ - per lot
Yield potential 8.5% - 10.3% till 30 July 2020
In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020
Take care & safe trading...!!!
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
Take care & safe trading...!!!
Uwaga
80 Put option updateCMP 2.8
Recommended sell between 3.5 - 4.2
Consider booking profits in strategy
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