L I CLICHSNG fut broke out of descending channel pattern on an hourly charts with decent OI build up.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & targets.
LICHSGFIN1! trade ideas
Lic housing finance Bull call strategy for lic housing finance
Margin needed 37500
Fund needed 48000
Max loss at expiry 13300
Max profit 26700
Probability of profit 41%
Risk to reward 0.5
Details
Buy 340 ce (CMP) 11.7
Sell 360 ce (CMP) 5.05
(Opinion don't wait for max profit or loss, if the loss is half of the above mentioned amount, exit the trade if profit reaches half of above mentioned price i.e. 13000 exit the trade)
