HUL: Chart set up & trading view

HUL
CMP 2336

- we observe the stock has been consolidating for over a near now

- support at 2306 / 2264 / 2180

- potential Cup & Handle in the making

- confirmation on sustaining above 2464


Target for the given set up 2800 / 3100

At current levels Risk::Reward ratio looks good to go Long.

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

Comment:

F&O Strategy

One may consider a synthetic Long position in the stock

Sell 2300 Put option around 23
&
Buy 2400 Call option around 19

Loss in strategy if HUL closes below 2296 on 24 June.

Please read the disclaimer above

Trade closed: target reached:

HUL level of 2464 reached

F&O Strategy update

2300 Put option cmp 1 ( recommended selling at 23)
Profit of Rs 6600/-

2400 Call option CMP 67 ( recommended buying at 19)
Profit of Rs 14400/- per lot - 252%

Overall profit Rs 21000 per strategy lot

Hope you guys enjoyed...

Like & Follow for more such ideas.
But don't just follow blindly
learn to identify such opportunities independently

Happy trading...!!!
🙂