IRCTC Option Selling & Buying Trades 07 July 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.

Note: I follow the process, i give importance to process than result.

Fear of failure is more danger than the failure itself.

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

IRCTC 570 PE Option buying trade:

CMP 28.5, buy above 29.5, probability of 34 & trail for further targets, SL of 24.5 if SL hit loss of 5K

IRCTC 570 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 5k short below 23.4 targets of 20 & 16, can trail based on further patterns.

Note: I follow the process, i give importance to process than result.

For ITC analysis: https://twitter.com/Raghas24/status/1541457961805291520?s=20&t=dYDNaz9yHxsIzYnrNmvzXg

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
telegram: t.me/thinkequity1

Instagram : money_n_matters

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