Sell TRENT Target 1717
Updated
Considering the technical analysis findings, it is recommended to sell TRENT Limited's stock with a target price of 1717 within a week. The recent breakout of the weekly range high and the exhaustion of the buying spree suggest that the stock may experience a retracement of at least 2 percent in the next 3-5 days.
Buy TRENT July 1760 Put:
Purchase a put option with a strike price of 1760.
The cost of the put option is 52.
Sell TRENT July 1720 Put:
Sell a put option with a strike price of 1720.
The premium received from selling this put option is 38.
However, it is essential to continuously monitor the stock's price action, key support/resistance levels, and other market factors to adjust the trading strategy accordingly. As with any investment decision, it is crucial to conduct further research, consider risk management techniques, and consult with a financial advisor before executing any trades.
Buy TRENT July 1760 Put:
Purchase a put option with a strike price of 1760.
The cost of the put option is 52.
Sell TRENT July 1720 Put:
Sell a put option with a strike price of 1720.
The premium received from selling this put option is 38.
However, it is essential to continuously monitor the stock's price action, key support/resistance levels, and other market factors to adjust the trading strategy accordingly. As with any investment decision, it is crucial to conduct further research, consider risk management techniques, and consult with a financial advisor before executing any trades.
Trade closed: target reached
As recommended the Target has been achieved today. Stay tuned for more such sure shot moves. Happy earning.
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