Tata Motors Limited
Updated

Range bound to upper breakouts in TaMo

66
TaMo was following the trend line nicely, with lot of opportunities to do pyramiding . Booked all shorts as soon as the line is broken.

What to look for next?
Does it go side ways Or breakouts

Currently it's moving sideways , so good to sell options of call, put slightly otm. having said that be ready for adjustments in case breakout happens ( levels are marked in charts for easy deciphering )
Note
As expected stock is moving within range , hold positions tight

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