Expecting Short Term Negative Trend In Glenmark

As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 782-779 Level then possibly It will test 740-720 level.

Considering This i am Planning to go for hedge Trade August Series.

Buy Glenmark 800 CE Near 33-34 and sell future Below 802, Stop Loss 811 Target 785,775

Investment Required 55000
Maximum Loss = 13000
Profit Upto = 26000
Offset = 1% Of capital

Only For Educational Purpose.

Trade active:

F&O Hedge Order Executed

Comment:

Made Low 788.50

Trade closed: target reached:

Target Done