HUL: Chart set up & trading view

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...!!!

- 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...!!!


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