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/options-calculator/?save_id=5bb50b17a9476546527154
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/options-calculator/?save_id=5bb50b17a9476546527154
Turtle Trade Idea
Sell 1150 CE at 16
Sell 1000 PE at 28.95
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.