BataIndia from 14 August 2020

The stock has been moving down for the entire june july n august month expecting it to start moving upwards again

at 1230 price level a big spike in volume seen ==> personally indicating a investor started buying it.

MFI has touched bottom zone waiting for a breakout in it ==( line has been drawn )

for upside movement trading strategy :

Calendar Spread: remember it is all option together --> try to adjust premium for good result
AUG : SELL 1120 PE
BUY 1080 PE
SEP: BUY 1400 CE
SELL 1500 CE
this is giving good return with low risk make sure breakeven is around 1110 on the downside

ADJUSTMENT :
if stock starts moving further downside ... start adding PE in september month and position of call option on lower strike price ...
BATAINDIATechnical Indicatorsnseindiaoptions-strategyTrend Analysis

Feragatname