Guys, Sharing the setup about options buying or reversal future trading,
1. For Index trading,

Add following indicator, 21EMA, Volume chart, TF- 5,10,15, 30 Min any TF trade activated,

A kindly observed pattern like topping tail or Bottoming tail formation in a chart,
(1/n)

For Long Set up:
If candle formating Bottoming tail formation below 21EMA, With good volume in any TF (5,10,15,30) then Buy single active,

Ex. Banknifty future chart, TF 10 min, 21 EMA and Vol chart

See the pattern forming, Now you can buy future or Option,

If you are buying future then Buy high of that candle and SL is low of that candle,

For options trading, Buy 23300 CE above that candle high, With the SL of that candle Low,

Or you may sell the option of 23300 PE with Same SL

For Bearish formation,
Same if topping tail formation above 21 EMA with volume then will buy PUT, Sell future or Call in Index,

Eg. Buy 24200 PE when that candle low break and SL is high of that candle,

When to book profit, If your SL is 20 point then you can expect 30-40 p.

For index mostly i prefer 10 min candle, This kind of formation happen many time in a week,

2. Stock future trading,

Follow the same candle formation, But I used 15 min TF in stock and mostly observe cash chart,
Due to the liquidity issue, I mostly trade in stock future

For-profit booking,
I would like to suggest you to book 1: 1.5 or 2 RR, Its recommendable for intraday only

When I do option I put the limit order for the exit,

Retweet for a maximum trader can take advantage