indiamarketoutlook

Hindalco: Chart set up and trading strategy

Short
NSE:HINDALCO   HINDALCO INDS
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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Comments

I am expecting strong buy between 432 and 437.
+2 Reply
SIMPLE, yet effective. I feel like the simpler your analysis, the better you will be. congrats on profit :)
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@architk, true that... 😎
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diwakeronline indiamarketoutlook
@indiamarketoutlook, purchased 1 lot 440 CE at Rs. 18.00, what your outlook
Reply
indiamarketoutlook diwakeronline
@diwakeronline, currently it is trading in a down trend channel. Look for opportunities to exit in Call option
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