ICICI Bank – Straddle -Bull Call Spread- Option Selling & Buying Trades 25 July22

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.

Wipro fell more than 2.5% all targets achieved , check the option analysis below:

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— The Equanimous Trader _ Raghavendra (@Raghas24) July 14, 2022

Daily Hourly & 15 min all timeframes showing RSI above 65 indicating more momentum in the Rise.

ICICI 800 CE Option buying trade

CMP 24 above 26.6 there is a probability of 35-40 & keep trailing the SL & Targets with initial SL of 21, If SL hit loss of 7K

ICICI 760 PE Option selling trade

The PE option chart indicates follow throughs for the selloff and can anticipate further fall in the counter with SL of 4k short below 8.75 targets of 5 & can trail based on further patterns.

The following is the chart of ICICI ATM Straddle

below 46.75 the straddle will give a follow through indication of sideways to slight bullish in that case can short the straddle or can employ IRON FLY if have less margin.

IRON FLY

instead of buying CE or shorting naked PE , can employ bull call spread

can exit at around 7k profit or 6k loss.

The following chart is Bull call spread chart indicating the right direction

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
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