scorpiomanoj

scorpiomanoj

A simple but effective option wrting strategy for a monthly income: Underlying concept : a) Strategy - Writing nifty call and put options simultaneously. b) Strike selection - Call and put strikes approximately above / below 100 points from market price at the time of entry. c) Adjustment post position - For every 100 point or close to 100 point change in...

scorpiomanoj

Lincoln pharmaceuticals Weekly CMP 269 Target 305 Stop 235 1) Reverse H & S observed. 2) Neckline resistance breakout observed at 203. 3) Stock cleared past major resistance at 255 and has potential to reach 300-305 levels. 4) At 300-305 levels need a review as resistance observed. 5) A decisive cross above 310 could lead to an uncharted territory.

scorpiomanoj

ETH / USD cmp $ 466. Price has comfortably broken the resistance zone with above average volumes at 395. Upward sloping trendline acts as a firm support. Price has spiked and currently consolidating with drop in volumes, possibly getting ready for a further upmove. View not valid if price drops below 390.

scorpiomanoj

Crude Oil (WTI) CMP $ 58. Weekly chart : 1) Crosses 200 period EMA after a brief consolidation in the form of a RdB pattern. 2) HHs and HLs formation observed. 3) Upward sloping trend line support suggests price is in the course of uptrend. 4) $62-$63 minor resistance seen. Above this level, $100-$110 can be seen very easily. 5) All along 30 week EMA should be...

scorpiomanoj

USD/CAD a long swing trade opportunity with a target of 1.30010-1.30015 and a stop of 1.2665. Currently trading at 1.2799. Rationale: 1) Head and Shoulders pattern formation. 2) Series of HH and HL formation. 3) Stoch 14,3,3 providing additional comfort.