PEL - Bearish Gartley

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Barish Gartley observed in PEL. Also levels near daily resistance zone.
Wait for a strong terminal candle before entering.
I'll be entering (if there is confirmation candle) with a combination of put options as IV is high.

Views only for educational purposes. Do your risk assessment before entering financial positions.

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تم فتح الصفقة

We are long on 1340 PE and short on 1300 PE (to avoid time decay).

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تم فتح الصفقة

Started profiting around 20% of risk exposure. Partial exit at this point is advised.

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تم فتح الصفقة

Look at today's volumes... Stock already down by 40Rs. from our buy point, and now volumes confirming. Positions can be added on pullbacks.

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أغلقت الصفقة: تم الوصول للهدف

From 1337 to 1277, my target is reached.