Is ITC in the process of a Round Bottom formation? It seems so. Well bounced from Support level in recent trading session. Target Rs. 330/- as of now. Short term trader to watch the level Rs. 288 as Trailing Stop loss.
Comment:
In line with expectation. Fall bought into today.
Trade active:
Has to cross 298 as first resistance!
Trade active:
It should not close below Rs. 288/- on closing basis. It should bounce from hereon towards Rs. 298/-. Otherwise to be closed.
Trade active:
Honoured Rs 288/-. Now likely move past Rs 300/-
Trade closed: stop reached