Hindalco: Chart set up and trading strategy

Hindalco
Levels mentioned in the chart

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F&O Strategy

Consider selling Hindalco 26 Aug Expiry 470 Call option (currently at 7.65)

Max profit potential Rs 16447/- per lot

Loss protection for a rise in stock price up to 477.65 till expiry day

Comment:

Near about 2% move for Intraday traders

Intraday traders may consider to book profits and enjoy the weekend

😀

Happy trading

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Comment:

Strategy update:
Hindalco 470 Call Option

Has come down from 7.65 to 5.45

Enjoy and happy trading...!!!

Trade closed: target reached:

Target achieved

Strategy update

470 Call option 3.5 (recommended selling at 7.65)

Profit of Rs 8922/- per lot so far

Consider booking profits

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