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CALL at Rs 15
Cost of the strategy: Rs 10 (Rs 15,000 per strategy)
Maximum profit: Rs 30,000 If Bharat Forge closes at or above 680 on 27 May expiry.
Breakeven Point: Rs 660
Rationale:
We have seen long build-up in the Bharat Forge Futures during the May series till now where we have seen 7 per cent rise in the Open Interest with price rising by 7 per cent.
The stock s primary trend is positive where it is trading above all important moving averages
The stock price has already broken out from the downward slopping trendline on the daily chart
Plus DI is trading above Minus DI while ADX line is placed above 25, indicating momentum in the current uptrend ....

Nandish Shah Is Technical Research Analyst , Bharat Forge , Bharat Forge Futures , Open Interest , Nandish Shah , Technical Research Analyst , நந்திஷ் ஷா இருக்கிறது தொழில்நுட்ப ஆராய்ச்சி ஆய்வாளர் , பாரத் மோசடி , திறந்த ஆர்வம் , நந்திஷ் ஷா , தொழில்நுட்ப ஆராய்ச்சி ஆய்வாளர் ,