ADANIPORTS - Short Term Pick & Possible Butterfly Trade

5 Mei 2023

ADANIPORTS is bouncing from its very strong support of 650 and seems to be a good risk:reward trade for short term once it closes above 700.

Option Strategy:-
One can create a simple butterfly with options which currently have 5800 risk and 21,000 max profit.
Buy 700CE, Sell 2* 750CE, Buy 800CE
Although with butterfly we can never take out max profit, but it can still provide us twice the risk reward with little over 50K capital.

Cash Strategy:-
Entry above 700+ on closing
SL 650
Profit - 770, 800

Kindly work as per your risk management. This is just for information & learning purpose only.

Thanks
Piyush Gupta
Learn & Earn

24 Mei 2023

Trading ditutup: target tercapai

Surpassed target of 770 & made high of 785
12% from the entry price.