DR Reddy Call Spread Options Short

DRREDDY shows negative divergence in Daily charts at the Monthly Resistance zones. Today, TL has been broken.

Used 75 min to enter short on this one, once the TL was broken along with break of support levels. EMA crossover had already occurred earlier. An options call spread is suitable in such circumstances to eat premium.

1. Bought 2850 CE at 23.4
2. Sold 2750 CE at 54.2

Breakeven: 2780

Trade closed: stop reached