IRCTC: Chart set up and trading strategy

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IRCTC
CMP 3355

- we observe supply increasing in IRCTC once stock goes above 3300

- 3270 / 3252 / 3238 are some important levels

- however if we see these levels being taken out probability of IRCTC testing the target zone would increase.

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Given the set up

One may consider to sell IRCTC Sept expiry 3500 Call option currently around 80

Yield potential is around 10% till expiry

In built loss protection for a rise up to 3580 till expiry

Look to exit if IRCTC closes above 3422

Take care & safe trading...!!!
Nota
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
Dagangan aktif
syot kilat

3500 Call is at 85

Trade is active
Pesanan dibatalkan
The stock is currently under F&O ban period as it has reached 95% of Marketwise Open Interest position...
IRCTCNIFTYSupply and Demandtradingview

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