HDFC AMC: Chart set up & trading strategy

HDFC AMC
CMP 3242

- we observe the stock is near it's potential resistance level


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given the set up one may consider to sell HDFC AMC 3500 Call option currently around 38

Yield potential in strategy is approximately 8% till Sept expiry.

More importantly the strategy has inbuilt loss protection for a rise up to 3538


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
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