Tata Power
Red Line resistance levels
Yellow line is neutral line and
Green line is support line
High made yesterday was 267.85. From there we saw a huge selling pressure which indicates Bulls were happy to book their profits at those levels.
Given the set up trading strategy that may be considered
Sell Tata Power 28 Oct expiry 270 Call Option
currently around 7.3
The strategy has max profit potential of Rs 49275/- (yield potential of 12.5% on margin requirement till 28 Oct)
The strategy covers risk for a rise in stock price up to 277.3 till expiry (which is 10 points higher than the high made so far)
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
Red Line resistance levels
Yellow line is neutral line and
Green line is support line
High made yesterday was 267.85. From there we saw a huge selling pressure which indicates Bulls were happy to book their profits at those levels.
Given the set up trading strategy that may be considered
Sell Tata Power 28 Oct expiry 270 Call Option
currently around 7.3
The strategy has max profit potential of Rs 49275/- (yield potential of 12.5% on margin requirement till 28 Oct)
The strategy covers risk for a rise in stock price up to 277.3 till expiry (which is 10 points higher than the high made so far)
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:
The strategy is giving the desired result of Rs 49000/- plus profit
Happy trading....!!!
Happy trading....!!!
