Ultra Cement: Chart set up and strategy

UltraCem

The stock has given a breakout on charts and potential target for the set up can be 5600 / 6100 in weeks to come

Given the set up,
alternatively one may consider the following strategy

Sell Ultracem
31 Dec expiry
4800 Put option
in the range of 50-60

Lot size 200

Max profit potential Rs 10000/- to 12000/-

Take care & safe trading!!!

Trade closed: target reached:

Strategy yields the desired outcome.
4800 Put option expiring worthless giving total profits with minimum risk

Trust you all found it useful...