DLF Trading in a channel

DLF

Chart set up
- Stock is trading in an up trend channel since Aug 2023
- 21 day EMA around 550
- midline of the channel around 550
- currently trading at upper end of the channel

Trading strategy
Short Strangle strategy
Example of Short strangle
Sell 605 Call option and
Sell 545 Put option

Understanding Risk :: Reward
Net receivables in strategy 9.2

Max profit potential Rs 15180 (approx 8% on Margin)

Loss if 30 Nov closing below 535.8 / above 614.2

Any close in between would be profitable

Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
Chart PatternsDLFfuturesideasTechnical IndicatorsNIFTYtradingTrend Analysis

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