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TATA Motors: Has been in the 5th gear... Roadblock ahead at 280Tata Motors
CMP 270
The stock has seen a stupendous rally....
we observe two gaps in the region around 280...once while going up and the 2nd while coming down....
Going forward, 282-288 zone could be a crucial resistance level to watch out for...
Given the set up one may Consider
selling Feb expiry 310 Call option around 10
& buy 330 Call Option around 6
Lot size 5700
As the lot size is quite large, the strategy would reduce the cost drastically and give decent return potential...
Max profit potential Rs 22800/- per strategy lot
In built loss protection for a rise in price up to 314 on 25 Feb 2021
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
Tata Motors - Extremely Bullish Tata Motors was a downtrending stock since few years but it has changed its trend now. Closing above 200 will see the stock being doubled soon.
It's ready for a huge huge upmove above 200, levels are mentioned on the charts.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
Tata Motors: 25% gain captured with help of Technical Analysis😀Tata Motors
Technical Analysis is all about identifying your entry and exit levels before you enter a trade and being comfortable with what comes next...
whether it works or doesn't work.
We had to wait for our entry... but when we got, it has delivered rich dividends
25% captured with a perfect entry... All because we did our homework well... 😊😊
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Happy trading...!!!