LICHF: Possible Reversal of Role Support turning into Resistance


- we observe the zone of 440 - 455 has been very crucial for the stock

- it acted as resistance in Jan-Feb-Mar 2021

- then later in May-June-July it provided support

That support zone has been broken once again...

- Will it act as resistance zone going forward???

- Important level on the downside the green support line around 380 odd levels
- Important level on the upside 418 / 433 / 440


Given the set up

One may consider selling LIC Hsg Fin 26 August expiry 440 Call Option around 5

Max profit potential Rs 10K till 26 Aug expiry

More importantly it provides protection for a rise in price up to 445

Take care & safe trading....

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