BEML :Cmp :885
Short Range: 887-895.
Hedging option : Short Put of 900 Around 54
MAX PROFIT: 700*50= 35000
MAX LOSS: (700*20=14000) Max loss
- 3 Point resistance Stock lingering around 930 levels
- Formation of bump and reversal pattern.
- Psar turns negative Where stock hit the 200 Dma and has closed below the long term averages
- RSI Forming bearish divergence between 15 candle Strong bearishness.
- MACD crossover confirms the downtrend
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