- orange trend line if taken out, the stock can come down to 136 / 130 levels
Given the set up one may consider One may consider selling if orange trend line is broken. or consider selling on rise closer to 154 / 156 ________________________________________________________________________________________________________________________
Alternatively consider selling Hindalco 160 Call option around 4
Lot size 4300
Max profit potential Rs 17200/- per lot
Yield potential 9.5% approximately
In built Loss protection for a rise up to 164 on 30 July 2020
Take care & safe trading...!!!
Discliamer: - 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
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On a 5 min candle stick we observe a break down
Consider selling Hindalco 175 Call Option around 4-4.5