Tata Motors showing false breakdown at important support level, price has closed above the support with bullish divergence in RSI. If it breaks out of the inclined trend line, then may give short term long target as mentioned in the chart.
Bull Put Spread will be a good bet here. Buy 1 OTM Put option (leg 1) Sell 1 ITM Put option (leg 2) When you do this ensure – i. All strikes belong to the same underlying ii. Belong to the same expiry series iii. Each leg involves the same number of options
Plan your trade and trade your plan. [This isn't a trading call, please consult your financial advisor before taking any trade. ]