- The stock is in consolidation mode
- trading near support levels 250-255
- Momentum above 285-296 zone
Target for the current set up 296 / 318 / 351-368 zone
- risk increases if LIC HSG FIN starts trading below 250
Consider buying in 2 tranches. At CMP & on dips towards 255
The current set up provides a risk::reward ratio of 1::3 at the minimum to go long
Take care & safe trading...!!!
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Yesterday it gave ample opportunity to buy at 266. Now trading at 280
Jumps 10% CMP 304.
A near 15% capture in just a week's time
We cannot time the market but when time comes we can surely make the most of it...
Consider booking profits as per risk appetite