Thursday, 1 June 2017

Apollo Tyre - Option Strategy

After a 38.2% retracement, Apollo Tyres made a bullish breakout.  Oscillators also shown bullish divergence.

But 250 call option at 5 and sell 260 call option at 2.9

Maximum Risk on this trade is 6300 and maximum profit on this trade is 23700.  Risk / reward ratio is 1:3.



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Indiamart Weekly Bullish Breakout

After 3 months of correction stock is made good set up to buy on monthly and weekly chart. Breakout with volume.