Divergence Trade 3: Hindustal Petro Bullish

This is a high risk trade and SL will be tight.

Hind Petro has made double bottom on 200EMA with divergence on bottom indicators.

CMP: 270
Target 275
SL 265

Alternatively we can take put bullish spread.

Sell265PE at 5
Buy 257 PE at 2,5

Max profit around 6k max loss 14k
Profit if above 262

交易结束：到达目标:

275 Target Reached. Book profits