Hindalco
CMP 148
- The stock has resistance at 156-160 range
- red trend line is broken
- orange trend line if taken out, the stock can come down to 136 / 130 levels
Given the set up one may consider One may consider selling if orange trend line is broken. or consider selling on rise closer to 154 / 156
________________________________________________________________________________________________________________________
Alternatively consider selling Hindalco 160 Call option around 4
Lot size 4300
Max profit potential Rs 17200/- per lot
Yield potential 9.5% approximately
In built Loss protection for a rise up to 164 on 30 July 2020
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
CMP 148
- The stock has resistance at 156-160 range
- red trend line is broken
- orange trend line if taken out, the stock can come down to 136 / 130 levels
Given the set up one may consider One may consider selling if orange trend line is broken. or consider selling on rise closer to 154 / 156
________________________________________________________________________________________________________________________
Alternatively consider selling Hindalco 160 Call option around 4
Lot size 4300
Max profit potential Rs 17200/- per lot
Yield potential 9.5% approximately
In built Loss protection for a rise up to 164 on 30 July 2020
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nota
On a 5 min candle stick we observe a break down
Consider selling Hindalco 175 Call Option around 4-4.5
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.