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Tata Steel: Chart set up and trading strategyTata Steel Observations are mentioned in the chart itself. Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________ Given the set up suggested F&O strategy, One may consider to sell Tata Steel 26 August expiry 2021 1460 Call option around between 35 - 42 (Closing price 37.05) Max profit potential in strategy Rs 31492/- per lot (at closing price) till 26 August 2021 More importantly, the strategy has an inbuilt risk cover for a rise in price up to 1497 till expiry day. Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEELShort
by indiamarketoutlook
1