#BankNifty 2017-2018-2019-2022
All the major dips in this period arrested at 100wema.
Weekly long term moving averages.

More from Shivaji Vitthalrao🇮🇳
India Cement setting up for multi year breakout above 226 can do 340-370-400-450-500 and more in next 2-4 years. @entrepreneur987 @moneyworks4u_fa @TradeWithSandy pic.twitter.com/MbCPMnN6d9
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) May 20, 2021
1. Stock is consolidating in the band 100-120 on lower side & 1900-1950 on upper side.
2. CMP 1344 1st targets 1850-1950
3. Medium term targets 2400-2500
4. Long term taregts 3500 first and then 8,000-10,000 in next 4-5 yrs
5. This is going to be 15-16 years breakout https://t.co/BXMv5GjsGW

Spotted a stock which can become 5digits and 5x over 3-5 years
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) September 2, 2021
Headquarters in Namma Bengaluru, Karnataka.
Keep Thinking will post over weekend\U0001f92a
6. Stock hits high 160-175 in 1995 & 1997
7. went into down trend, consolidated for 3 yrs 1999-2002
8. Gave breakout above 34 hinting at major shift in Feb 2002
9. Gave 1st multi year breakout in Oct 2003 above 160-175 which was failed
10. Next attempt in Sep 2004 crossed 175

11. Above 1995-1997 highs (160-175) stock went on to become 10x in a matter of 20-22 months
12. CMP 1344 Multi year breakout will trigger above 1950 on weekly closing basis
13. Will be watching 1st breakout above 1950
14. SL 1260/1100 depends on risk of the trader or investor
Could be best innings of 2022 🤑
BIG Boy of PSU Bank space is ready to make its best move after 8-9 months of consolidation.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) July 7, 2022
Time for #SBI Great Again. Some more days move can trigger, stock can head towards 540-600-650-680 and more in 2022. @moneyworks4u_fa @dtbhat pic.twitter.com/N6dBJNC36s
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Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0