Hindalco: Chart set up and trading strategy
Hindalco
CMP 486
Potential Line of resistance around expiry comes at 513 levels
_____________________________________________________________________________________________________
Given the set up, one may consider to Bear Call spread strategy
Sell 510 Call option around 5 &
Buy 540 Call Option currently around 1.7
Lot size 2150
Net receivables 3.3 * 2150 = Rs 7095
Yield potential of approximately 8% on margin requirement
Importantly strategy has in built loss protection for a rise in stock price up to 513.30 till expiry
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
CMP 486
Potential Line of resistance around expiry comes at 513 levels
_____________________________________________________________________________________________________
Given the set up, one may consider to Bear Call spread strategy
Sell 510 Call option around 5 &
Buy 540 Call Option currently around 1.7
Lot size 2150
Net receivables 3.3 * 2150 = Rs 7095
Yield potential of approximately 8% on margin requirement
Importantly strategy has in built loss protection for a rise in stock price up to 513.30 till expiry
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Bình luận:
As Technical Analysis reflected, we see Hindalco falling further once it broke the orange line
Follow for more such ideas
But don't follow blindly
Learn to identify opportunities independently
Happy trading...!!!🙂
As Technical Analysis reflected, we see Hindalco falling further once it broke the orange line
Follow for more such ideas
But don't follow blindly
Learn to identify opportunities independently
Happy trading...!!!🙂
Below the orange line doors would open up on downside and probability of Hindalco potentially falling up to 468 / 463 levels might be higher