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kunal_finner
Mar 2, 2023 12:09 PM

Wait for 650 to short adaniport at 100 moving average 做空

ADANI PORT SPECIALNSE

描述

Adaniport racing towards 650 which is the next resistance. Wait for it to come there and then short it using call options. Call options are priced richly and selling call spreads at 650 is a good trade.

交易开始

Overshot slightly above 700 - however unlikely to sustain there - deeply overbought / high optimism. All the hallmarks of a reversal - buying OTM puts maybe the way to go here - for limited risk

交易开始

Looks like the stock has shown a recent high at 720 - continue to keep a short on this with target of 650. Stop will be 725 - above recent high

交易开始

Adani port has shown some weakness and a reversal below 680. Continue to hold the long puts - this stock continues to defy the general market. Can it hold out till expiry on 29 march or will it crack before that.

交易开始

Take off 50% of the profit and hold the rest for target of 620 - any bounce back to 700 will be a chance to take another short position

评论

Techs on this look poor - and a touch of 600 is very likely within the next few weeks. However hang on with smaller position. I hope some of you were able to take 50% profit when it did come down below 650

交易结束:到达目标

Take off mar puts / short futures. Look to roll the shorts at higher levels for April. The -2ATR is at 600 so that the level to exit the trade in april at
评论
kunal_finner
Good trade.
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