Missed Positive Divergence in Ashok Leyland

Amidst chaos in Nifty we litrely missed a wonderful opportunity in Ashok Leyland June future.

Target HIT

As I wrote about Cipla in the last post on 2nd June, weekly target of Rs10 has been achieved in four days. Now we are eagerly waiting for the short-term target of Rs.40.

Check out the entry and exit level in above picture. I strongly suggested to buy Cipla June future @ 325 level. Today on 10th June Cipla June future closed at 336.65 with an intraday high of 337.35, and has already given Rs 10 profit


Now lets calculate the profit of the trade.
Lot size - 1250
Buy   -     325
Sell    -     335
Profit -     10

Total Profit = 1250*10 = 12500

Wasnt that good trade. Patience of 8 days reaped great profit.