- the zone of 3385-3420 has played an important role for the stock
From charts we observe that
- it acted as resistance in June 2021
- provided support between Aug 2021 - May 2022
- With results round the corner, the stock is trading 4-5% below that level at 3277
Given the setup,
one may consider to sell TCS 28 July expiry 3400 Call option currently around 37
The strategy has a 6% yield potential and covers for a rise up to 3437 till expiry
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
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Recommended selling around 37 CMP 5.9
We have closed the trade. Book profits and enjoy...!!! 🙂