Tata consumer has formed cup and handle formation. If breaks 520 with good volume, can move up quickly for final target 581. Safe trader can book profits at 550 level.
Trade active
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Stock has successfully broken out of 520 after some consolidation. One can look for possible entry now
@surendarswo, Take entry if breaks out with good volume (At least above 10 period MA volume)
surendarswo
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@Bibhu776, Thanks bibhu i bought 530CE at 11,5 3days before. I don't know when to exit. I think I can hold for the next 2 days. What is your view? any suggestion
Bibhu776
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@surendarswo, Volumes are not supporting a break out. The stock has gone into consolidation rather than a break out. I would suggest to exit the call option as it will only decay the premium now
surendarswo
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@Bibhu776, Thanks Bihu bokked loss but somehow managed in NIFTY CE
Bibhu776
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@surendarswo, sorry for your loss bro. Always keep an eye on volumes for break out on either side