LIC - H&S Doom

25 Eyl 2017

LICHSGFIN, CMP 622, has made Head & Shoulder pattern and may lead to a big fall now.

However we may see some retracement, to 640-680, before the action.

Short setup
Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520

Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade triggers). This will help minimize the risk

26 Eyl 2017

Not

Stock showing weakness as expected but trade not triggered yet

27 Eyl 2017

İşlem aktif

Trade triggered @ 614. Now 606
Bought 630CE Oct series @ 10.50 to hedge risk of bounce

3 Eki 2017

Not

Get rid of the stock above 647. Will buy again later
630CE is bought at 10.50 is now 25.50

9 Eki 2017

Not

LIC has made a perfect dogi today. Tomorrow can be a day of reversal for LIC
Sell 630CE holding if LIC moves below 660
Will prepare to make short position thereafter

12 Eki 2017

Not

Hope everyone exited from 630 CE at around 35

12 Eki 2017

Not

Short the stock bbelow 633