Can $NSE:TATAMOTORS Will test 695 Level ?

Dear Followers,

I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock TATAMOTORS I have been monitoring.

Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.

If Stock Break 705-703 level then possibly we can see 698-695 level so if you are ready to take Risk then I have 2 Strategies For Month Of November Series that we can Deploy.

1) Buying an Option
Strike Rate= 705 PE
Buy Price= 17.50-18
Stop Loss= 15.50
Target = 22,24,25.50
Time Frame 4-6 Days
Investment = 25600
maximum Loss= 3600
Profit Upto = 10700

2) Hedge strategy
Stock Name- TATAMOTORS
Future Entry Level - Sell Near 710-709
Future Stop Loss Level- 716
Future Target Level- 703,700
Option Level- Buy 705 CE

This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.