indiamarketoutlook

UPL: Chart setup & strategy

Short
NSE:UPL   UPL LTD
UPL
CMP 426

The stock is trading in blue channel.

There is a possibility of stock coming towards lower end of the channel.

Given the view one may consider selling UPL 450 Call option around 12.5

Lot size 900

Max profit potential Rs 11250/- per lot.

Take care & safe trading...!!!
Comment:
Strategy update
UPL 450 Call option
cmp 6

Profit of Rs 5850/- per lot so far

Happy trading...!!!

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