Tata Steel: Trading below 200 day EMA

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Tata Steel

- stock is trading below 200 day EMA
- trading near 20 day EMA
-gap resistance at 109-114


Given the set up one may consider to sell 27 Oct 2022 expiry 120 Call option currently around 2.3
Profit potential 9-10%.

Be cautious if Tata Steel goes above 110. Exit if closing is above 114 in Spot.

Take care and 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
Not
Tata Steel 120 Call option update

Suggested selling at 2.3
CMP 0.5
That's a profit of Rs 7650 per lot

Consider to book profits
Moving AveragesNIFTYtatasteelTrend Analysis

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