Tata Steel: Chart set up and trading strategy
Updated
Tata Steel
Observations are mentioned in the chart itself.
Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________
Given the set up suggested F&O strategy,
One may consider to sell Tata Steel 26 August expiry 2021
1460 Call option around between 35 - 42 (Closing price 37.05)
Max profit potential in strategy Rs 31492/- per lot (at closing price) till 26 August 2021
More importantly, the strategy has an inbuilt risk cover for a rise in price up to 1497 till expiry day.
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
Observations are mentioned in the chart itself.
Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________
Given the set up suggested F&O strategy,
One may consider to sell Tata Steel 26 August expiry 2021
1460 Call option around between 35 - 42 (Closing price 37.05)
Max profit potential in strategy Rs 31492/- per lot (at closing price) till 26 August 2021
More importantly, the strategy has an inbuilt risk cover for a rise in price up to 1497 till expiry day.
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 active
Got the bounce we were looking for in the zone of 1430-1451 sooner than we thought...Tata Steel 1444
Modification:
Instead of Selling 1460 Call option
we have gone for 1500 Call Short at 39
Max profit potential Rs 33150/- per lot
Risk coverage for a rise in price up to 1539 till 26 Aug expiry
Take care & safe trading...!!!
Note
Strategy updateTata Steel 1500 Call option cmp 15.8 (recommended selling at 39)
Current profit Rs 19720/- per lot
Consider booking profits as per risk appetite
Happy trading...!!! 😀
Note
Tata Steel has bounced back to 1405 levels
Tata Steel 1500 Call option CMP 24
Consider selling again
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Disclaimer
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