Tata Motors: Road Blocks ahead & strategy to deal with it

Tata Motors

- in my previous post, we highlighted the 280-285 zone to act as Support

and that is precisely from where we see Tata Motors bouncing back. Isn't it?

Levels identified in study on 07 July, works to perfection on 28 July 2021

- Going forward 306 / 316 / 322 may act as potential resistance zone

- on the lower side if 280-285 zone is taken out we may see potential doors opening for further fall up to 260 odd levels

Given the set up, one may consider selling Tata Motors 26 Aug expiry

330 Call Option between 3.5 - 5 (currently trading at 3.9)

At current price max profit potential Rs 11115/- per lot
More importantly, the strategy covers risk for a rise in price up to 333.90 till expiry day.

Take care & safe trading...!!!


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