Tata Steel: Trading below 200 day EMA
Tata Steel
- stock is trading below 200 day EMA
- trading near 20 day EMA
-gap resistance at 109-114
Given the set up one may consider to sell 27 Oct 2022 expiry 120 Call option currently around 2.3
Profit potential 9-10%.
Be cautious if Tata Steel goes above 110. Exit if closing is above 114 in Spot.
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- stock is trading below 200 day EMA
- trading near 20 day EMA
-gap resistance at 109-114
Given the set up one may consider to sell 27 Oct 2022 expiry 120 Call option currently around 2.3
Profit potential 9-10%.
Be cautious if Tata Steel goes above 110. Exit if closing is above 114 in Spot.
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Catatan
Tata Steel 120 Call option updateSuggested selling at 2.3
CMP 0.5
That's a profit of Rs 7650 per lot
Consider to book profits
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.