HUL - taking support, buy for targets of 1980 to 2000+
After posting a decent correction and consolidation HUL is taking support and showing strength.
Momentum Indicators and option chain data are confirming uptrend.
Consider buying with a stop loss of 1917, for a target of 1986 - 2014 - 2032.
Traders can consider a strategy i.e. buying a 1940 call near 52 and selling a 2020 call near 18 Rs. Mximimum risk will be Rs. 20-25 if stop loss 1917 is followed.
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Momentum Indicators and option chain data are confirming uptrend.
Consider buying with a stop loss of 1917, for a target of 1986 - 2014 - 2032.
Traders can consider a strategy i.e. buying a 1940 call near 52 and selling a 2020 call near 18 Rs. Mximimum risk will be Rs. 20-25 if stop loss 1917 is followed.
Feel free to send me a direct message if your have any queries.
Please consider liking this idea / post, if you find it worth. You may choose to follow me for more of such low risk trading strategies and investment ideas.
Trade closed: target reached
Trade closed: target reached