LIC Housing Finance: Double trouble resistance

ที่อัปเดต:
LIC HSG FIN
Closing price 261.85

Observations

- Gap zone created on 4th May 2020

- stock faces resistance exactly at gap levels

- broken the channel in the process

- zone of 251-254 may provide some support

- once that level is taken out the stock may come towards the green line

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Consider selling on rise (preferably in the zone of 265-270) for target of 254 / 246 / 228

Pattern gets invalidated if stock goes closes above 282 on daily charts (for positional play)

Intraday traders may look to cut down the risk if stock closes above 272 on hourly chart

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Alternatively one may consider selling LIC HOUSING FINANCE 28 May expiry 280 Call Option around 14-15

Lot size 1300

Max profit potential Rs 18200/- to 19500/- per lot

In built loss protection in strategy for a rise up to 294

Take care..!!!
Be safe & be strong.

การซื้อขายยังคงดำเนินอยู่
LIC HSG FIN opens at 14.5
High so far 15
giving ample opportunity to sell in the range
การซื้อขายยังคงดำเนินอยู่
LIC HSG FIN 280 Call option update

Suggested selling in range of 14-15

CMP 6.1

Lot size 1300

Current profitability 1300*(14.5 - 6.10) = Rs 10920/-

Enjoy & have a gr8 weekend
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LIC
CMP 223

Short idea given at 270 for target of 228. Target achieved

That's more than 15% captured. Hope you guys enjoyed .

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Chart PatternsgaplichousingLICHSGFINNIFTYshortSupport and ResistancetradingviewTrend Analysis

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