Ultra Cement: Chart set up and strategy UltraCem
The stock has given a breakout on charts and potential target for the set up can be 5600 / 6100 in weeks to come
Given the set up,
alternatively one may consider the following strategy
Sell Ultracem
31 Dec expiry
4800 Put option
in the range of 50-60
Lot size 200
Max profit potential Rs 10000/- to 12000/-
Take care & safe trading!!!