TATA STEEL LTDLong
TATASTEEL Positional View !!
Updated
TATASTEEL : cmp : 1390.2
After the significant correction, it's reversing from the support level and trying to Break out.
Huge put writing seen at ATM strikes( F &O) .
Good accumulation zone 1380-1400.
Stock from current level might move towards 1560.
Good to grab on dips.
TGT may be 1442/1478
SL 1381 Dclbs
Positional TGT 1560
Sl 1358 Dclbs
Option Strategy : Buy Sept 1420CE/1440CE
OR
Sell Sept 1380 PE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
After the significant correction, it's reversing from the support level and trying to Break out.
Huge put writing seen at ATM strikes( F &O) .
Good accumulation zone 1380-1400.
Stock from current level might move towards 1560.
Good to grab on dips.
TGT may be 1442/1478
SL 1381 Dclbs
Positional TGT 1560
Sl 1358 Dclbs
Option Strategy : Buy Sept 1420CE/1440CE
OR
Sell Sept 1380 PE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Note
short term Sl triggered.Still keep on radar !!Trade active
1st tgt achievedTrade active
2nd tgt achieved.
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