LIC - H&S Doom

Zaktualizowano
LICHSGFIN, CMP 622, has made Head & Shoulder pattern and may lead to a big fall now.

However we may see some retracement, to 640-680, before the action.

Short setup
Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520

Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade triggers). This will help minimize the risk
Uwaga
Stock showing weakness as expected but trade not triggered yet
Zlecenie aktywne
Trade triggered @ 614. Now 606
Bought 630CE Oct series @ 10.50 to hedge risk of bounce
Uwaga
Get rid of the stock above 647. Will buy again later
630CE is bought at 10.50 is now 25.50
Uwaga
LIC has made a perfect dogi today. Tomorrow can be a day of reversal for LIC
Sell 630CE holding if LIC moves below 660
Will prepare to make short position thereafter
Uwaga
Hope everyone exited from 630 CE at around 35
Uwaga
Short the stock bbelow 633
Head and ShouldershnslicLICHSGFINshortshortsetupTrend Lines

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