LIC Hsg Finance: Chart setup & strategy for July month
LIC HSG FIN
CMP 272.50
- The stock is at minor resistance
- 278-286 is ma major resistance
- Yellow Trend Line is the support which if taken out can weaken the structure further for a fall towards blue trend line
Given the setup, one may consider the following trading strategy
Consider Selling LIC HSG Finance 30 July 2020 expiry 300 Call option CMP around 9.5
Lot size 2000
Max profit potential Rs 19000/- per lot
Yield potential of 12.25% approximately till 30 July
Inbuilt Loss Protection for a rise in stock price up to 309.50 till 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 272.50
- The stock is at minor resistance
- 278-286 is ma major resistance
- Yellow Trend Line is the support which if taken out can weaken the structure further for a fall towards blue trend line
Given the setup, one may consider the following trading strategy
Consider Selling LIC HSG Finance 30 July 2020 expiry 300 Call option CMP around 9.5
Lot size 2000
Max profit potential Rs 19000/- per lot
Yield potential of 12.25% approximately till 30 July
Inbuilt Loss Protection for a rise in stock price up to 309.50 till 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
Strategy update
300 Call option CMP 7.45 ( Recommended sell at 9.5)
Profit of Rs 4100/- per lot so far
Happy trading...!!!