DLF turning Bullish expecting a target of 220--230.
Updated
DLF turning bullish on daily chart, major support at 180.00
Above 188, it can touch 200--205 and then to 220--230.
Looks weak below 180.00.
Bull Call Spread - On December Series
+1x 31DEC2020 190CE - ₹ 9.35
-1x 31DEC2020 220CE - ₹ 2.55
Max. Profit - ₹ +76,560
Max. Loss - ₹ -22,440
Max. RR Ratio - 1:3.41
Breakevens - 197.0
Estimated Margin/Premium ₹ +45,000-50,000.
Above 188, it can touch 200--205 and then to 220--230.
Looks weak below 180.00.
Bull Call Spread - On December Series
+1x 31DEC2020 190CE - ₹ 9.35
-1x 31DEC2020 220CE - ₹ 2.55
Max. Profit - ₹ +76,560
Max. Loss - ₹ -22,440
Max. RR Ratio - 1:3.41
Breakevens - 197.0
Estimated Margin/Premium ₹ +45,000-50,000.
Trade closed: target reached
Reaching target with full potential
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