Federal Bank - Trividh Setup - When to Trade

[bbrijesh]

Trividh - The Options Strategy highlights the Federal Bank 173CE in today's trading session at 11:15am (attached image).

Many traders have doubts about when to enter the trade. I always suggest waiting for the follow-up breakout above the Anchor Col.

I have considered 175CE, which had a similar setup to 173CE but much higher volumes (liquidity) and lower spreads (Bid-Ask).

In the above chart, the Anchor Col follow-through is also supported by a triangle breakout confirming the setup.

Remember the idea of the hourly chart - the momentum should not fizzle out in the first hour, and if it continues after 10:15 am, you get good momentum trades in options.

It's all about timing the trades in Options buying.

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