- After making a low of 119.85 on July 6, 2022 the stock has managed to defend the low thereafter
- since Sept 28, 2022, the stock has made a higher bottom higher top formation
- managing a close above the yellow line could open the doors for further upside potential of 154 / 158 / 166
Buy at CMP and on dips towards 136.50
SL Keep a SL at blue line ( around 130 ) initially on closing basis and later trail SL to green line
F&O trading strategy Sell 135 Put Option Buy 130 Put option
Profit potential of approximately 10% on Capital
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