Bata India - Strong Straddle Opportunity
Stock currently in strong uptrend
But also approaching near strong supply zone
Expecting the stock to remain in a pendulum mode
As the expiry is far, and the premiums are as well high, a straddle opportunity is on the cards if played well
Expecting the stock to remain between 1420 - 1350
But also approaching near strong supply zone
Expecting the stock to remain in a pendulum mode
As the expiry is far, and the premiums are as well high, a straddle opportunity is on the cards if played well
Expecting the stock to remain between 1420 - 1350
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.