Tata Motors: Chart set up & trading strategy

Tata Motors

- Major Resistance around 500 zone
- Major Line of Support at 376

- Minor Resistance around 462 odd levels
- Minor Support around 418 odd levels
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Given the set up, my trading strategy: Short Strangle for April series

Sell 28 April 2022

510 Call Option
&
380 Put option

Various situations have been taken care of...
Strategy has a 9% ROI potential on margin requirement, giving a decent return potential as well as covers risk for a rise up to 518.65 odd levels on the upside and 371.35 odd levels on the downside.


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Take care & 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