HPCL: Chart set up & strategy
Updated
HPCL
CMP 219.6
Till the time HPCL holds 214-212 zone it has doors open to test 228 / 236
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Alternatively one may consider selling 215 Put Option around 4.5
Lot size 2100
Max profit potential 9450/- per lot
Yield potential of 5.5% on Capital.
In built loss protection for a fall in price up to 210.50 till 25 June 2020
Take care & safe trading...!!!
CMP 219.6
Till the time HPCL holds 214-212 zone it has doors open to test 228 / 236
-------------------------------------------------------------------------------------------------------------
Alternatively one may consider selling 215 Put Option around 4.5
Lot size 2100
Max profit potential 9450/- per lot
Yield potential of 5.5% on Capital.
In built loss protection for a fall in price up to 210.50 till 25 June 2020
Take care & safe trading...!!!
Note
HPCLCMP 225.70
The recommendation was made when the stock was down.
Now intra day we have seen a nice Rs 6 movement ( approximately 2.75% intraday after reco)
Strategy update
215 Put Option
CMP 2.4 ( recommended sell around 4.5)
Net profit on strategy
2100 * (4.5-2.4) = Rs 4410/- per lot
Happy trading...!!!
Trade closed: target reached
Target 1 of 228 doneStrategy update
215 Put option CMP 1.4
Net profit
2100*(4.5-1.4) =Rs 6510/-
Consider booking profits as per risk appetite
Happy trading...!!!
Note
Target 2 of 236 achievedStrategy update
215 Put option Closing Price 0.5
Net profit 2100*(4.5-0.5) = Rs 8400/- per lot so far
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