Sunday, 31 December 2017

Reliance Power - Bullish Breakout

Reliance Power was trading in a well structure a falling trend line for the last one year. 

The stock made a breakout on Friday with good volume. 

Buy 50 Call Option at 3.75
Sell 57.5 Call Option at 1.5

Maximum Risk : 29250
Maximum Profit: 68250

Risk Reward Ratio : 1:2


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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.