Tata Motors: Chart set up & trading strategy
Tata Motors
542 / 573 are important level for Tata Motors (closing high in Sept 2016 / & Jan 2017 )
Given the set up one may consider selling 560 Call option currently around 12
Max profit potential Rs 34200/- per lot (yield potential 9% on Margin requirement till 28 Oct expiry)
Loss protection for a rise up to 572. The stock has seen a tremendous rally in last couple of days and the strategy would require cooling off in the stock momentum and / or sideways movement to be profitable.
The strategy covers risk for a rise in stock price up to 572 till expiry
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
542 / 573 are important level for Tata Motors (closing high in Sept 2016 / & Jan 2017 )
Given the set up one may consider selling 560 Call option currently around 12
Max profit potential Rs 34200/- per lot (yield potential 9% on Margin requirement till 28 Oct expiry)
Loss protection for a rise up to 572. The stock has seen a tremendous rally in last couple of days and the strategy would require cooling off in the stock momentum and / or sideways movement to be profitable.
The strategy covers risk for a rise in stock price up to 572 till expiry
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
Trade closed: target reached:
Strategy gives profit of Rs 34000/- plus per lot
Happy trading
Happy trading
