Short TORNTPHARM19FEB1880CE

Short TORNTPHARM19FEB1880CE @55.8 for a target of 40/30/20 by Feb Expiry. Stock looking week on weekly charts and may retest the lower levels. Price rejection is noticed at higher levels near 1924-1950. In case stock moves up then write near ITM/ATM CE around 1924/1939 levels and hold it till expiry.

הערה:

Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

הערה:

TorrentPharma heading southwards very fast. But options is not traded for Feb expiry. Existing position is running in no profit no loss. Fresh positions not created.

הערה:

Basis technical indicators short call was given on TorrentPharma. However it has posted stellar Q3 results. Basis results it may open higher and move upwards tomorrow. So just convert existing options short to a covered call by purchasing Feb futures and keep both positions till it gives early signs of reversal. Will update in this channel later. If it opens gap down, then put buy stoploss order on todays closing price.

עסקה סגורה: היעד הושג:

2 Targets achieved. Nearly 3rd target also.