This stock is setting up nicely. Consolidation of six months and now breaking upside. We don't know when the stock will shoot, so we created this strategy .
Here is the setup if you can catch it for next month expiry (Sep 2021)
Max Loss : Rs15000
Max Profit : unlimited
Margin requirement : around Rs 30000
Buy HDFBANK Sep or Oct 2021 future , Buy 1580 Sep 2021 PE
Trade must be squared off at 03.25 on expiry day or even before whenever you get 1:2 reward to avoid physical delivery. Update on this will be posted on expiry day.
Disclaimer :Trade is purely for our back testing purpose. you may try at your own risk. I and my clients may have positions in this.
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Kind regards
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