From TradingView · · 30s
NYKAA Bullish Options Setup
Bull call spread strategy for NYKAA with defined risk and reward.
In brief
Bull call spread strategy for NYKAA with defined risk and reward. A bullish options trade on NYKAA targets ₹355 with max profit of ₹21,094 and max risk of ₹10,156. Originally reported by TradingView.
Bullish Options Setup
Bull call spread strategy targets ₹355 with max profit of ₹21,094 and max risk of ₹10,156.
“Bullish set up on NYKAA based on its weekly technical structure: ✅ Strong uptrend with higher highs and higher lows ✅ Trading near the upper Bollinger Band, showing momentum ✅ Breakout from consolidation with bullish trend confirmation”
Trade Details
Buy 345 CE @ ₹6.75, sell 355 CE @ ₹3.50 for a reward-to-risk ratio of 2.08:1.
“Potential Bull Call Spread | 27 Oct 🟢 Buy 345 CE @ ₹6.75 🔴 Sell 355 CE @ ₹3.50”
Risk Management
Max profit of ₹21,094 with max risk of ₹10,156 for a 2.08:1 reward-to-risk ratio.
“Max Profit: ₹21,094 🛡️ Max Risk: ₹10,156 📊 Reward-to-Risk: 2.08:1”
What to remember
A bullish options trade on NYKAA targets ₹355 with max profit of ₹21,094 and max risk of ₹10,156.
