DLF: Chart setup and trading strategy
DLF (CMP 287.50)
- the stock is currently trading at 50 day EMA
- 20 day EMA is around 294
- trendline resistance around 300
The stock may face stiff resistance in the zone of 294-302
Considering the chart set up one may look at the following strategy
Sell DLF 29 April expiry
310 Call option around 7.5
Max profit in strategy Rs 24750/- per lot.
More importantly, Loss protection for a rise in stock price up to 317.5 till 29 April 2021 ( That's a loss protection of Rs 99000)
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- the stock is currently trading at 50 day EMA
- 20 day EMA is around 294
- trendline resistance around 300
The stock may face stiff resistance in the zone of 294-302
Considering the chart set up one may look at the following strategy
Sell DLF 29 April expiry
310 Call option around 7.5
Max profit in strategy Rs 24750/- per lot.
More importantly, Loss protection for a rise in stock price up to 317.5 till 29 April 2021 ( That's a loss protection of Rs 99000)
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- if trading in F&O, understand that 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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