indiamarketoutlook

TCS: Sell on rise set up

Short
NSE:TCS   TATA CONSULTANCY S
TCS
3135

On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart

Alternatively,

One may consider selling February expiry 3250 Call option in the range of 60-80

Lot size 300

Max profit potential in strategy Rs 18000 - Rs 24000/- per lot

In built loss protection for a rise in price up to 3310-3330 on 25 Feb 2021

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

Comment:
As was suggested TCS might see a bounce towards 3200 and from there on it might come down again...

3250 Call option too gave ample opportunity to sell at the top end of the selling zone of 80 as was mentioned in the idea above

CMP 53

Happy trading...!!!

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