CMP 640, Target 500, Time frame march 2023. Expecting the IRCTC to trade at the levels of 500 by march 2023. Based on the continuous downtrend for the last 3 consecutive months , and expecting to touch the lower end of the Bollinger band. Expecting the target to hit within next 1month . One can trade sell futures at CMP or buy put options in HAL with the target given . The view is mine . It’s not a buy : sell recommendation.
Trade active
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20 points down from the CMP.hold for bigger profit
Trade active
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40 points down . One can still hold for bigger gains.
Trade closed manually
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CMP on expiry day at 560 ,80 Points down from the recommended levels, 875 per lot size =875*80=70,000 booked profit per lot.