srikartiram

TITAN | One more value stock from TATA group to lift the market

Long
NSE:TITAN   TITAN COMPANY LTD
TITAN | One more value stock from TATA group to lift the market 😃 12% potential upside opportunity.

CMP : 1247 (Must wait for retracement, can buy upto 1225)
SL : 1190
Target : 1380

1:4 risk reward setup

Comments

hello, I have a 1300 call option, bought at 32. is it good to hold for long? Today titan played in a range. Any ideas on how to proceed?
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srikartiram mukesh4478
@mukesh4478, Hello, it is just retracing. Defintely you will end up in profit. But i strongly recommend next time when you are bullish for more than 10% in a stock, consider selling PUT option. If i wanted to do this in options i would have sold 1180 PUT (Below my Stoploss level) option that was available for Rs.14 last day. If the pattern failed i would take the loss which same 5-6 rupee stoploss.
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