DABUR - About to go down

27 Kas 2020

DABUR is about to come down, as it broke the channel pattern, retraced back and ready for a bigger move.

SHORT RISK/REWARDS are mentioned in the chart.

Target - 494.75, 480.15

SL - 507.8

27 Kas 2020

İşlem aktif

Entered the trade with DEC Fut.
As long as the trendline is not broken, I will be holding on to this trade.

1 Ara 2020

İşlem aktif

Broke the trendline, managed to hold there.
but couldn't hit our stop loss.

Sold 490 PE at 7.25 rs. If it hits our stop loss, I will be closing FUT trade, and will create Short Strangle by selling 540 CE.

Margin requirement will be almost same as shorting Fut trade.

2 Ara 2020

İşlem kapandı: durdurma seviyesi

Stop Loss got hit.

Closed FUT trade and holding 490 PE. will create short strangle, only if the price comes down to 500.

4 Ara 2020

Not

Closed 490 PE, as I saw better trades.