thechama3

MONTHLY || WIPRO TO BREACH 360!!!

thechama3 Updated   
NSE:WIPRO   WIPRO LTD
Wipro might breach 360 on the down side in the month of march and might not move above 390. Hence one can sell wipro on rise or can sell a 400 Call option and hold it till the end. If one is risk averse , he can sell calls that are a tad far away for safety.

Else one can buy a 380 put once there is a bounce in Wipro and hold it till 360 is breached. As time plays a very important role in options , it is wise to sell the option.

If one is long in Wipro , then it would be a good idea to close them on a bounce and wait for a dip to re-enter!
Comment: Made a low of 362. IT stocks gave up in the end.
Trade closed: target reached: Wipro goes below 360. It turns Ex Bonus today.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.