Asian Paints: Lower top lower bottom observed

We are looking at daily charts of Asian Paints

- Since 24 Sept 2021, we observe the stock is making lower top lower bottom

- trading in a yellow channel

- currently near channel top


Given the set up

one may consider to sell Asian Paints 3200 Call option around 40

ROI potential of 8% on Margin requirement till 25 Nov expiry
Inbuilt loss protection for a rise up to 3240 till expiry

Take care & 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