ITC showing positive divergence with RSI and already started moving UP, should fly once it crosses 272 levels SL 247 CB
Targets = it may go back to previous peak levels
Handel aktiv
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Trade Idea (for Study Purpose)
ITC Dec 270 CE Sell at 2.85 ITC Dec 260 CE Buy at 6.6 lot size - 2400 Max loss Rs 9000 if stays around 260 Max Profit 15000 if stays above 270
Handel aktiv
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Hedge trade gave good profit when ITC went in our favor however as it turned down still not much of loss so far
ITC 270 CE now at 1.8 ITC 260 CE now at 4.65
Handel aktiv
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again moving in our direction so Bull call spread in profit now
Handel aktiv
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staying above 260 still
Handel aktiv
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now trading above 270 levels, looking good to go back to previous peak levels, 310 320
Handel aktiv
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282 high so far, keep trailing
Handel aktiv
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After making high of 290, ITC traced down to 250 odd levels however our SL is still intact so one may go Long with previous levels especially in cash for positional