DLF: Chart view and trading strategy

DLF
CMP 262.5

269 -272 looks crucial resistance zone

Given the set up one may consider selling DLF 25 Feb 2021 expiry 300 Call option around 6-8 (CMP 6.2)

Max profit potential in strategy Rs19800 - Rs 2400/- per lot as long as it closes below 300 on 25 Feb 2021
Loss protection in strategy for a rise up to 306 - 308

As a risk management measure we would suggest to be cautious if DLF trades above 282


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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