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...
How many Probability In trading?
ans - 3 (Bull, Bear and Side way Markets)
Wipro is on bull run
Stock last swing define as 1 or 2
now next move will be point 3
Trade No 1
If price closed below 371 than Short for target of 367 ,361
or below 361 closing price can trade up to 350 zone
&
Trade No 2
If price rejection near 371 -381
than buy above 382...
"Only" If NSE:WIPRO opens above 371, sell it with a SL of 375.6 and targets of T1 - 368.5, T2- 365.2 else do not take a trade.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully...
