TITAN 2600CE, 2500CE OPTION TRADINGAs of 31 January TITAN is trading at 2360. If you look at the above chart you can see TITAN is currently taking support near the TRENDLINE. At the price of 2450 there is a small RESISTANCE which it can face. There is a high probability that from here TITAN can give an upside breakout.
In this situation we can add 2lot of 2600CE which is almost 10% from the current trading price.
KEY POINT
STRIKE PRICE- 2600CE
CURRENT TRADING PRICE- 20 (As of 31 January)
NET INVESTMENT- 375*20 = 7500/lot
STOPLOSS - Look at the spot chart of TITAN if it goes below the TRENDLINE then exit the position. (RESPECT THE STOPLOSS)
