Tata Steel 28 October Option Call 160 May Go to ₹35 If It Stays Above ₹11 — A Technical and Psychological Outlook0
đ ENGLISH VERSION Title: Tata Steel 28 October Option Call 160 May Go to ₹35 If It Stays Above ₹11 — A Technical and Psychological Outlook Introduction: Tata Steel, one of India’s oldest and strongest industrial giants, often reflects the pulse of the metals and infrastructure sector. As options traders closely monitor stock-specific movements near expiry, one observation stands out this week — “Tata Steel 28 Oct Option Call 160 may go to ₹35 if it stays above ₹11.” This analysis captures both the technical momentum and trader sentiment within this short-term structure. Let’s dive deeper into how and why this possibility arises. --- 1. Understanding the Setup: What This Means for Traders An Option Call gives the right (not obligation) to buy the underlying stock (Tata Steel) at a specific price before expiry. Here, the strike price is ₹160, and the observation implies: If the premium (option price) holds above ₹11, It could rally towards ₹35, a potential 200%+ move. This s...