Continuously uptrend |Retrenched to fib & support| Option Data
The stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
Note
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.