Thread by @BasicLearner

#JINDALSTEL

A case study. ...... for learning purposes. Please record your observations

An Option Chain Theory and practical.

Stock is in downward sloping channel, trading below all the possible MA

Price Goes Up... Delivery % goes UP

Price goes down... Delivery % goes down

Status of promoters holding and pledge shares%

*** For those who want to detailed study... here we go.

bseindia.com/corporates/Ins…

Financial status on YoY & QoQ basis... Next Q results due on 05 Nov 19

And Now your favorite... Nov 19 Option Chain positions in #Jindalstel

Check who is in Charge, who will get the benefits, How and when..... Don't ask... Don't tell....

Here, I am recording my observations....for my learning/future references.

While analysing keep few things in mind :
1. When 110 CE & 125 PE buyer/ seller will in profit.
2. What amount is at stake?
3. What I saw? What's shown? What's purpose? What's understanding?

***
110 CE added at 1000 hrs. 125 PE added at 1140 & 1415 hrs.

Adding few more angles for analysis ;

In Upper panel stocks performance with 200 DEMA, In lower panel Stocks co relation with NIFTY 50, NIFTY 500 & NIFTY METAL INDEX

Stock return with respect to its sector on monthly and yearly basis.

Pay Off chart for 110 CE as seen in the option chain to understand margin requirement and probable profit in real terms.

Pay off chart for 125 PE as seen in the option chain to understand margin requirement and probable potential profit in real terms.

Based on the shared data, i understand there is lot of confusion... and many a formed bullish view only on seeing the option chain... let me remind you that option chain is one of the part of analysis and not a Holy Grail. One has to do complete analysis.

I have received number of messages saying tell us bearish or bullish.The stock is on long term support and a good opportunity to accumulate will go above 125.

Lets do some Advance TA.

Here, I have used a Copppoc Curve (Who was an economist and was requested by the Church to find buying opportunity for Long term investing). wherein a buy signal generated when the indicator is crossing zero from below which is indicated by green line and sell indication by red.

I have also shown the same reflection with the SMA of 50,100 & 200 for long term trend.
Whenever the 50 MA crossing from the below a buy and vice versa with the Cop-pock Curve vertical lines.

For short term trend 13, 21 & 50 period SMA is used and found to in sink with the vertical lines.

On all the oscillators as well, the stock seems to just started a down trend and found to be continue. Wherein the RSI below 50, MACD below zero line and stochastic is struggling to cross 40.

Finally, the my conclusion is stock may continue to be in down trend with minor hurdle at 92, it may reach to 72 for final landing.

TA is mine, Money is yours. No buy/sell or hold recommendation. Shared exclusively for Learning purposes. One can search Coppock curve on Google.