IRCTC: Chart set up and trading strategy

13 Sep 2021

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...!!!

13 Sep 2021

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

13 Sep 2021

Dagangan aktif

3500 Call is at 85

Trade is active

13 Sep 2021

Pesanan dibatalkan

The stock is currently under F&O ban period as it has reached 95% of Marketwise Open Interest position...