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WaveTalks
Jun 18, 2020 8:56 AM

ITC - Shark Bounce Expected Above 185 to 194-195 & Sell Later Long

ITC LTDNSE

Description

Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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Stock - ITC

As per the
last update in Nifty Idea - Moving above 186 Expect Upside 194-195


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Stock - Auropharma

Got Small Fall from 792-795 to 785 - Expect Upside Push Back if crosses above 785 & holds

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Nifty

Plan A - The Alternate Plan as suggested in last video idea to Buy Above 10000 for 10170/10200 was suggested once it crossed above 10000 levels & above

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Last Idea - Nifty - Selling at 10K Repeats!




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Thanks

Trade active

23:57 Hrs / 18th June 2020

Last Price @ 186.60

Bigger Trend is down but holding above 185 levels it can be expected sideways to the upside move (Strictly holding above 185- which was our entry point)

Trade active

09:50 Hrs / 19th June 2020

Last Price @ 184.50

Don't panic - as stock slipped below 185 - we still have upside move left till it holds above 180-181 band

Only going below 180 ---------It triggers downside for a big move which can be 170 / 165 / 160 as well in Intraday sessions

Trade active

09:57 Hrs / 19th June 2020

Last Price @ 184.70

Please read the comments above & plan your trades accordingly. Thanks

Trade active

14:46 Hrs / 19th June 2020

Last Price @ 184.30

Zone ---------------------------183.50-184 can offer minor support & moving above 184 it can push upside expected - Let us see how far it reaches upside

Trade active

09:20 Hrs / 24th June 2020

Last Price @ 188

Moving in the direction of 194-195 as expected - Look lot of time close to 180-183 zone downside

Trade active

10:43 Hrs / 24th June 2020

Last price @ 193.50

Target Done & Out in 194-195 zone - Day High so far - 194.70

Comments
sasiganapathy.r
Thank you so much for a timely 💓 update of Auro Pharma and Nifty

Small doubt incase international continuous upside momentum what will be Nifty range above 10200
WaveTalks
@sasiganapathy.r, Welcome
Ashu06
For ITC as per MACD showing down side ways.
WaveTalks
@Ashu06, Price is what determines all indicators. so let it fall below 185 -you may be correct
pcriram
earnings will be decent . it should climb
Chart_Asset
Thank you for knowledge
WaveTalks
@Manoj_ooha, Welcome dear
Karthikavikram
Thank you so much sir 🙏
btnt1798
Entered at 187 should I continue to hold?
WaveTalks
@btnt1798, You can but make sure next time leave the trade if you have not taken it at the correct stop. The downside we have 180-181 as strong support -if falls which is maximum at the moment & hold then we still look for 194-195 zone upside later. Careful if falls below 180 which will be risky later as any sustained move below 180 -will slip hard downside
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