I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock LUPIN I have been monitoring.
Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 1210-1200 level then possibly we can see 1170 level so if you are ready to take Risk then I have 2 Strategies For Month Of November Series that we can Deploy.
1) Buying an Option Strike Rate= 1220 PE Buy Price= 26-27 Stop Loss= 20 Target = 40,50 Time Frame 7-8 Days Investment = 22500 maximum Loss= 5100 Profit Upto = 20000
2) Hedge strategy LUPIN1! Future Entry Level - Sell 1223-1225 Future Stop Loss Level- 1240 Future Target Level- 1200,1190 Option Level- Buy 1220 CE Investment = 45000 Maximum Loss = 12000 Profit Upto = 23000