JSW STEEL LTDShort
JSW Steel ltd from 21 August 2020
The stock has been continuously going up for some time in an aggressive manner and has reached the previous high (supply zone) ...
. Shooting star pattern has been formed though the upward wick is small
Expecting a healthy retracement till 240 level when crosses 270 mark while going down
Trading Strategy:
Safe : sell PE above 290 at good cost ... AUG and SEP month --> strategy with breakever above 300 is safest
Heart of Steel:
when crosses 270 level ; buy 240 PE and Sell 270 CE ---> collect premium and exit at good profit
use calendar spread with different month expiry to get good profit
MFI is in overbought zone for some time expecting it to cool down now
. Shooting star pattern has been formed though the upward wick is small
Expecting a healthy retracement till 240 level when crosses 270 mark while going down
Trading Strategy:
Safe : sell PE above 290 at good cost ... AUG and SEP month --> strategy with breakever above 300 is safest
Heart of Steel:
when crosses 270 level ; buy 240 PE and Sell 270 CE ---> collect premium and exit at good profit
use calendar spread with different month expiry to get good profit
MFI is in overbought zone for some time expecting it to cool down now
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.
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.