One Swing trading Equity Option -WIPRO
Updated
WIPRO Sell below 579
SL 616 on weekly closing basis
Target:- 554, 527, 450
So, we have to initiate a bull put spread -
April Expiry
580 Put buy along with 550 Put sell
If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit.
(For example:-u can initiate 560 Put buy along with 530 put sell if Wipro would trade at 560.
u can initiate 540 Put buy along with 510 put sell if Wipro would trade at 540.)
Disclaimer:-Views are for ‘’EDUCATIONAL PURPOSE ONLY’’
Trade at your own risk.
SL 616 on weekly closing basis
Target:- 554, 527, 450
So, we have to initiate a bull put spread -
April Expiry
580 Put buy along with 550 Put sell
If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit.
(For example:-u can initiate 560 Put buy along with 530 put sell if Wipro would trade at 560.
u can initiate 540 Put buy along with 510 put sell if Wipro would trade at 540.)
Disclaimer:-Views are for ‘’EDUCATIONAL PURPOSE ONLY’’
Trade at your own risk.
Note
This is a unique chart pattern. Can anyone name this pattern?Trade active
LOW 556. till now profit 3k/lotTrade closed: target reached
1st target hit. Rs. 3640 profit per lotTrade closed: target reached
₹8000/lot profit till now.Note
₹12000/lot profit till now. second Tgt hitsTrade closed: target reached
Rs 17000 profit is achieved. This was my analysis on WIPRO.
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