trade of the month - DEC'20

25 nov 2020

• A bit complicated...but self explainatory.
  
• I see huge upside potential in the stock.
  
• Support and resistance levels are as shown.
  
• Trend lines too are given.
  
• Since the stock has made small candles in the past, i expect to see just 3/4 big candles in the month as in bajaj twins to complete the retractions.
  
• Ideally, trade in the the stock only in cash.
  
• Else...sell ATM Calls and put, subsequently add options positions in the direction of the trade.
  
• Personally i am biased towards upper side, however lets see what happens.
  
  

FEDERALBNK