HPCL: Chart set up & strategy

Jun 19, 2020

HPCL
CMP 219.6

Till the time HPCL holds 214-212 zone it has doors open to test 228 / 236

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Alternatively one may consider selling 215 Put Option around 4.5

Lot size 2100

Max profit potential 9450/- per lot

Yield potential of 5.5% on Capital.

In built loss protection for a fall in price up to 210.50 till 25 June 2020

Take care & safe trading...!!!

Jun 19, 2020

Note

HPCL
CMP 225.70

The recommendation was made when the stock was down.

Now intra day we have seen a nice Rs 6 movement ( approximately 2.75% intraday after reco)

Strategy update

215 Put Option
CMP 2.4 ( recommended sell around 4.5)

Net profit on strategy
2100 * (4.5-2.4) = Rs 4410/- per lot

Happy trading...!!!

Jun 22, 2020

Trade closed: target reached

Target 1 of 228 done

Strategy update
215 Put option CMP 1.4

Net profit
2100*(4.5-1.4) =Rs 6510/-

Consider booking profits as per risk appetite

Happy trading...!!!

Jun 22, 2020

Note

Target 2 of 236 achieved

Strategy update
215 Put option Closing Price 0.5

Net profit 2100*(4.5-0.5) = Rs 8400/- per lot so far