TATA MOTORS LTDLong
Tata Motors Breakout
Updated
There was a shakeout before breakout in Tata Motors. Usually this kind of shakeouts are created to force bulls to exit their buy positions.
Today, about 9:20 a.m., there was short covering in Calls, so I did a bull put spread.
Today, about 9:20 a.m., there was short covering in Calls, so I did a bull put spread.
Trade closed: target reached
Got 1:6 on this one. Exited because already achieved 75% of premium
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