#WIPRO
Buy-Above 531.5
Sl-520
T- 550 580 600+
Stock has mad a hammer or pinbar candle in daily TF. Looks good in intraday too. Above previous day high we can buy.
Wipro
CMP 449
The chart is self explanatory
Given the set up one may consider
Selling Wirpo 480 Call option around 6-9 (CMP 6.55)
Lot size 3200
Max profit potential in strategy Rs 20960/- per lot (as per CMP)
The strategy provides Inbuilt loss protection for a rise up to 486.55 till expiry ( as per CMP)
Take care & safe trading...!!!
Disclaimer:
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