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anitasarmas
Sep 20, 2020 6:29 AM

TechM Trend Analysis 

TECH MAHINDRANSE

Description

TechM Trend Analysis
Comments
tanmoyg112
Sir I am holding techm 830 ce at 8.75 and currently it is trading at 6.25 and I am in loss.

Could you please suggest me what should I do?
Is it recoverable at all?
anitasarmas
@tanmoyg112, Techm is currently at resistance level but there are high chances of breakout to the upside, there also seems to be call unwinding and put writing for 800 strike price. Considering theta decay over the weekend price and this week being expiry week, price will have to increase quickly. However, 850 also seems possible during this month but not necessarily during this week.
tanmoyg112
@anitasarmas, nice analysis ..thank you
anitasarmas
@tanmoyg112, hope you exited in profit in the morning...
nikhilvenkataraviteja
nice Analysis
anitasarmas
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