Short
DHFL Theta Decay
its Been Consolidating from past few days as you can see inside blue box and making Doji & shooting star Candle
Stochastics is around 90
so i bet it will retrace till 23.6% of Fibonacci
Conservative Traders Can short 570 CE its at 9 right now 9*1500=13500 profit if DHFL stays below 570 @ expiry or u can book profit midway
Aggresive Traders can short 560 CE its at 14 right now 14*1500=21000 profit if DHFL stays below 560 @ expiry or u can book profit midway
or you can Trail stoploss it once in profit to keep your profits Intact
Stochastics is around 90
so i bet it will retrace till 23.6% of Fibonacci
Conservative Traders Can short 570 CE its at 9 right now 9*1500=13500 profit if DHFL stays below 570 @ expiry or u can book profit midway
Aggresive Traders can short 560 CE its at 14 right now 14*1500=21000 profit if DHFL stays below 560 @ expiry or u can book profit midway
or you can Trail stoploss it once in profit to keep your profits Intact
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.