Weekly_short
PFE sell CALL 38(covered call 41) 13 nov $.35 pro: got a confirPFE sell CALL 38(covered call 41) 13 nov $.35
pro: got a confirmation daily drop froim weekly
supply 38. so taken the entry after observing
the dosi candle and then next day price
dropping.
risk:( 41-38 = 300$)
max gain=35$
5oct2020
expiry day: 8
Graphite Daily/hourly short 209-221 Graphite Daily/hourly short 209-221
pro:
1. 2 leg out in location time frame
2. Origin of Weekly supply zone
con:
1. intermediate 1 hr zone has few dosi candles of left. Bulls and bears fought nicely from
origin and then dropped.
2.15 min not at all good structure candles.
confirmation entry only
Ashok lay Daily short 63.2-66Ashok lay Daily short 63.2-66
Origin of a big drop with a gap, so high probability trade.
Ashoklay given 2 days exciting moves after quarterly result out(even though it was not so good) .
After the rally in price in these 2 days, 3 rd day it also shoots up till that daily supply around 64, and from there price started to came down,
so far it has broken a 5 min nice demand, the its just playing with a 15 min lower demand zone.
One way strong bullish momentum for last 2 days and on the other hand its reacting from a daily high probability supply.
So, price should drop further
ITC Weekly/Daily/ 4 hr supply 220.8-233.6ITC Weekly/Daily/ 4 hr supply 220.8-233.6
cmp:206.35 11 Aug 2020
ITC even though its not constantly uptrend, once it reaches the level we can take Limit entry
PRo:
1.2 legout in daily candle
2. weekly/daily coinciding supply zones
3.ITc is not constantly trending up, its like zic-zac up, so chances are that if it reaches the supply, it may react till next opposite weekly demand
con:
Left to execution in either DAily or 240 min...there were kind og range, so panding orders might filled
HINDALCO Weekly/Daily supply zone 185.4-199.2HINDALCO Weekly/Daily supply zone 185.4-199.2
pro:
1.Daily 3 exciting candles from the zone
2. level over level
cons:
1. 240/120 does not have good structure
2. MEtal is trending now, so be catious even it may react from weekly supply.
So, take confirmation entry
cmp_182.4 . its reacting from the supply zone 11Aug2020
LUPIN, Weekly and Daily coinciding supply 997-1083LUPIN,
All pharma stocks are bullish now , but there is a good Weekly and Daily coinciding supply 997-1083
there is a level-on-level also
cmp:957 11 aug 2020 Stock is in uptrend, so even it may work in the supply zone, as the sector is bullish and Lupin is also bullish, Risk, Reward may not be favourable.