TradingView
Rahulnirwan
Aug 10, 2020 12:46 PM

Buy ITC above 200 for Target 210 , 228 Long

ITC LTDNSE

Description

Buy above trend line breakout for short term gain for target of 210 , 228
Comments
pscottons
It’s a perfect target of 205 208 220
guducuk55
Is it still bullish?
kjeet
sir i have itc 300 shares @ 196 rs , today it goes up to 207.7 and closes @ 203 rs , what is next target for few weeks
Rahulnirwan
@kjeet, note following point:
1. It had given bullish technical trend-line breakout for a target of around 218 (Short term ) and around 270(for long term).
2. PCR decreased of -0.35% today which shows that this breakout is losing its strength.
3.Their is significant amount of addition of both call and put addition at 205.

I would suggest if crosses 206 remain above it till closing then keep holding and enjoy ride till 218, 230 and 270.

so hold with 200 as SL for now.
kjeet
@Rahulnirwan, thanks for guidence sir
More