Trading Radar: Power & Cement Stocks + Bank Nifty Option Strategy | 11 June 2025 Edition
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here
This week’s blog focuses on technically strong stocks showing signs of bullish continuation or breakout patterns. These setups offer short-term to swing trading opportunities with defined entry, stop loss, and target zones. Let’s dive deep into the charts and sentiments.
Welcome back to another curated trading post where we break down technical setups, options strategies, and short-term stock ideas you should keep your eyes on this week. This edition covers:
- 🔋 IEX breakout & call option play
- 🧱 JK Cement & CENTENKA shaping up for upside
- 🔒 ICICI Prudential Life showing early trend reversal
- 🏦 BankNifty 56500 PE with breakout scalp trade
Let’s get into it:
⚡ 1. IEX (CMP ₹213) – Option Trade Setup + Price Action View
📌 Derivative Play
- Strike: 220 CE @ ₹3.30
- Stop Loss: ₹1.50
- Targets: ₹7 / ₹10++
📉 Cash Price Action View:
IEX is forming a flag and pole continuation pattern on the daily chart after consolidating above ₹205. The move past ₹214–₹216 would confirm breakout toward ₹225–₹230.
Indicators:
- RSI: 61 and rising
- MACD: Fresh crossover, histogram green
- Volumes: Picking up on green candles
- VWAP Support: ₹210
Strategy Tip:
Buy 220 CE near ₹3.30 only if price sustains above ₹214 with volume. Ideal option for 2–5 day holding period with upside potential.
🧱 2. CENTENKA (CMP ₹493) – Short-Term Radar Pick
Setup: CENTENKA (Century Enka) is forming a base breakout pattern on the daily chart. A breakout above ₹500 can trigger a quick rally toward ₹525+.
Technical Highlights:
- 50 EMA Support: ₹485
- RSI: Rising from 54 to 60 range – early breakout signs
- MACD: Turning positive
- Volume: Gradual rise in accumulation phase
🔔 Trading Tip:
Add to watchlist; trade can be initiated above ₹498 with SL below ₹485. Target zone: ₹525–₹540 in short term.
🧱 3. JK Cement (CMP ₹4,170) – Strong Bullish Setup
Recent Price Action:
JK Cement has broken out of a falling channel on the daily chart and retested the breakout. Price holding above ₹4,100 with strong momentum.
Indicators:
- RSI: 67 – trending strong
- MACD: Bullish continuation
- Volume: Above-average in last 3 sessions
🎯 Target: ₹4,350 – ₹4,500
🛑 Stop Loss: ₹4,040
💡 Ideal for swing traders seeking 3–7 day setups
🔐 4. ICICI Prudential Life (CMP ₹633) – Trend Reversal Candidate
Setup: After a long corrective phase, ICICI Pru Life is showing signs of trend reversal with higher lows and a bullish crossover.
📊 Key Observations:
- RSI: Crossed 55 – sign of accumulation
- MACD: Bullish crossover
- Support: ₹620 zone holding well
- Short-Term Target: ₹660–₹675
Pro Tip:
This is a good candidate for short-term positional entry. Keep tight SL at ₹620.
🏦 5. Bank Nifty 56500 PE – Intraday/Scalp Option Trade
📌 Trade Setup:
- Strike: 56500 PE
- Buy Above: ₹595
- Stop Loss: ₹555
- Targets: ₹600 / ₹645
Chart Setup:
Bank Nifty is facing resistance around 56800–57000 and is forming a lower high structure intraday. The 56500 PE is ideal for a scalp/fade setup if price fails to hold 56600.
Option Chain Confirmation:
OI build-up at 57000 CE and unwinding at 56500 PE suggests limited upside in index.
Execution Tip:
Trade only on confirmation with index breaking below VWAP. Book quick profits – this is a high-risk, fast-return setup.
📊 Summary Table
| Stock/Instrument | Strategy | Entry Zone | SL | Targets | View |
|---|---|---|---|---|---|
| IEX 220 CE | Option Buy | ₹3.30 | ₹1.50 | ₹7 / ₹10++ | Short-Term Breakout |
| CENTENKA | Cash | Watch above ₹498 | ₹485 | ₹525 / ₹540 | Momentum Watchlist |
| JK Cement | Cash | ₹4,170 | ₹4,040 | ₹4,350 / ₹4,500 | Swing Trade |
| ICICI Pru Life | Cash | ₹633 | ₹620 | ₹660 / ₹675 | Positional Entry |
| Bank Nifty 56500 PE | Option Intraday | Buy above ₹595 | ₹555 | ₹600 / ₹645 | Scalp Trade |
📘 Key Trading Tips This Week
✔️ Use VWAP as intraday support/resistance
✔️ Look for options trades with volume + open interest breakout
✔️ In cash setups, avoid chasing gaps – wait for retest
✔️ Always trail SL once 1st target hits in options
📢 For more such actionable trades, insights, and daily setups, visit CapitalKeeper.in
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