TATA Steel near to channel resistance - Sell Call for level 440

#TATASteel is in downtrend in long while in uptrend in shot and following the Channel Pattern. Forming the Higher Low and lower low pattern on chart.

Level 440 has highest built-up of OI and OI is increasing on CE side.

Sell the Call option for Strike Price 440 or above once stock will near to resistance so you will get good premium.

(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)

Trade geschlossen: Ziel wurde erreicht:

Aug Contact closed below from level 440.