HDFC AMC: Chart set up Short

HDFC ASSET MANAGEMNSE

Description

⋅ Jul 16, 2021 9:53 AM

HDFC AMC
CMP 3099

The stock has taken resistance at previous top

Current set up has target of 2930

As a safer bet, Consider selling 3200 Call option

Comment

⋅ Jul 16, 2021 9:58 AM

Just by the time I write and post, the stock has fallen from 3099 to 3065 levels...

Comment

⋅ Jul 19, 2021 8:38 AM

HDFC AMC drops to 2994

Trade closed: target reached

⋅ Jul 20, 2021 5:07 AM

HDFC AMC reaches the blue line and achieves it target.

Hope you guys enjoyed the trade.

Happy trading...!!!

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Comments

YLDeepak

⋅ Jul 16, 2021 5:18 PM

Sir today I have taken 3250 call option can I wait or hold

indiamarketoutlook

⋅ Jul 17, 2021 8:38 AM

@YLDeepak, Charts indicate 3190-3220 might act as resistance for this month. Better to cut your losses

YLDeepak

⋅ Jul 17, 2021 8:42 AM

@indiamarketoutlook, ok tq sir

quickbizitsolution

⋅ Jul 17, 2021 12:01 PM

Hello Sir, I continue 3100 PE @ 75 for Monday.
kindly suggest me , may i hold 3100 PE or sell on market open

indiamarketoutlook

⋅ Jul 20, 2021 5:06 AM

@quickbizitsolution, the blue line has been reached in spot. consider booking profits in 3100 put option Currently around 200.

Happy trading...!!!🙂