MGL Option Selling & Buying Trades 15 June 22

Disclaimer: All the information posted is for education purpose only. Do your due deligence. Also check for liquidity of option before getting into trade, Options should be traded by experienced traders only..

Please check the liquidity of options you entering.

IOC achieved both the targets hit even though markets, check below for the analysis:

Daily Hourly & 15 min all timeframes showing RSI below 35 indicating more momentum in the downfall.

MGL Weekly Chart

MGL ATM PE Option RS Chart

ATM PE option indicationg strength on RS chart signalling more fall in the counter

MGL 700 PE Option buying Trade

CMP 20.4, abv 23.7 probability of 27-36-40 & trail, SL 13.8 if SL hit loss of 6K.

MGL 700 CE Option selling Trade

The CE option chart indicates follow throughs for the selloff and can anticipate further fall in the counter with SL of 31short below 21 targets of 16 and 11 can trail based on further patterns.

Disclaimer: All the information posted is for education purpose only. Do your due deligence. Do your due deligence. Also check for liquidity of option before getting into trade, Options should be traded by experienced traders only..

All details about the analysis presented in the above charts friends! Enjoy!

Dont forget to do your analysis.

You know disclaimer and all that stuff!

Please this post is for education purpose only.

Please share if you find it helpful.

Name : Raghavendra S
Youtube link: https://www.youtube.com/c/ThinkEquity1
Website: thinkequity.in
email: thinkequity1@thinkequity1
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Instagram : money_n_matters

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