- 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