Monthly Chart
The uptrend has been broken on a monthly timeframe and it is likely to stay between 970 – 1200.
Weekly Chart
The stock is in a range and the 1015-1020 zone is acting as a support with the next immediate support as 975.
Daily Chart
The daily chart shows a minor resistance zone at 1135. The range 980 – 1000 definitely indicates a buying interest. However, owing to fundamentals impacting tyre stocks, PE could be a risky trade.
OI Analysis - The lower limit is 980 and the upper range is at 1200.
imgur.com/a/q8wrvYm
Payoff Graph - unofficed.com/o...ons-calculator/?save_id=5b...
Turtle Trade Idea
Sell 1150 CE at 16
Sell 1000 PE at 28.95
The uptrend has been broken on a monthly timeframe and it is likely to stay between 970 – 1200.
Weekly Chart
The stock is in a range and the 1015-1020 zone is acting as a support with the next immediate support as 975.
Daily Chart
The daily chart shows a minor resistance zone at 1135. The range 980 – 1000 definitely indicates a buying interest. However, owing to fundamentals impacting tyre stocks, PE could be a risky trade.
OI Analysis - The lower limit is 980 and the upper range is at 1200.
imgur.com/a/q8wrvYm
Payoff Graph - unofficed.com/o...ons-calculator/?save_id=5b...
Turtle Trade Idea
Sell 1150 CE at 16
Sell 1000 PE at 28.95