Bharat Forge’s daily trend is sideways. RSI for daily is indicating a sideways trend, however, weekly and monthly are showing bullish strength. Based on option chain analysis, the range is between 800 and 900. Let’s plan a trade around this.
Bharat Forge’s daily trend is sideways. RSI for daily is indicating a sideways trend, however weekly and monthly are showing bullish strength. Based on maximum open interest, its maximum open interest at the PUT side is at strike 800, and on the CALL side, it is at 900. We are assuming it will spend most of the time between 860 and 920. We are recommending a short Iron Condor strategy for taking the short-term non-directional strategy. Where an
2 mins read
Feb 14, 2023, 09:10 AM IST
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