ZEEL: Potential Pole & Flag pattern trade
ZEEL
- on hourly chart we see a shooting star on 15 Sept with a high of 300.75 & closing at 266.90
- on a closing basis highest close on hourly chart is of 271.35
- today, we observe a Pole & Flag pattern in ZEEL
this is usually seen as a continuation pattern
Target for the current set up 236 / 233 / 228
______________________________________________________________________________________
Given the set up, one may consider to sell 275 Call option closing price is 9.15 (yield potential is approximately 10% on margin requirement)
The strategy covers risk for a rise in ZEEL price up to 284.15 till 30 Sept expiry which is higher than the highest hourly close so far.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- on hourly chart we see a shooting star on 15 Sept with a high of 300.75 & closing at 266.90
- on a closing basis highest close on hourly chart is of 271.35
- today, we observe a Pole & Flag pattern in ZEEL
this is usually seen as a continuation pattern
Target for the current set up 236 / 233 / 228
______________________________________________________________________________________
Given the set up, one may consider to sell 275 Call option closing price is 9.15 (yield potential is approximately 10% on margin requirement)
The strategy covers risk for a rise in ZEEL price up to 284.15 till 30 Sept expiry which is higher than the highest hourly close so far.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
One may consider to shift in selling 280 call option currently around 9.35
In built loss protection for a rise in price up to 289.35 till 30 Sept expiry