IOC: Retest of breakout done. Target 84-85

已更新

IOC
Chart setup

- Level of 73 acted as resistance between July 2022-Sept 2022
- breakout was observed in late November 2022

After a month the stock has again come back to retest 73 odd levels

If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd levels
____________________________________________________________________________________________________
My strategy
Consider buying Jan expiry 75 Call option between 1.6-2.1
____________________________________________________________________________________________________
Understanding reward potential and Risk profile
Any upside above 77 is the profit
On the downside max downside at cmp is of 1.9 points per lot

Take care & safe trading...!!!

Do let me know if you find the analysis and insights helpful.
To trade with me, Do Like and Follow for getting more trading ideas like these...!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

注释

Holding 74.5 in 15 min chart. Looking set to rise

注释

75 Call option update
Suggested buying when price was at 1.9

CMP 3.5

Consider partial profit booking and trail Stop loss to 2.3 for balance so that you stay profitable.

Hope you guys made most of the analysis

Enjoy...!!!🙂

注释

75 Call option update

CMP 4.45

Consider booking full profits or revise Stop loss at 3.1 for balance

Take care & safe trading...!!!