Ultra Cement: Chart set up and strategy

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UltraCem

The stock has given a breakout on charts and potential target for the set up can be 5600 / 6100 in weeks to come

Given the set up,
alternatively one may consider the following strategy

Sell Ultracem
31 Dec expiry
4800 Put option
in the range of 50-60

Lot size 200

Max profit potential Rs 10000/- to 12000/-

Take care & safe trading!!!
أغلقت الصفقة: تم الوصول للهدف
Strategy yields the desired outcome.
4800 Put option expiring worthless giving total profits with minimum risk

Trust you all found it useful...
Chart PatternsNIFTYTrend AnalysisULTRACEMCO

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