ITC after consolidating in a range for 20 days has broken down today. Also this stock has fallen so much from its glory days but price action indicates more bear grip if this cross below 164. There is a possibility that it will retrace back to zone if market is bullish and it won't trigger but in case market is bearish, it will continue to scale new low.
Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Sir can you please check my ideas?I got interested in trading because of the risk taking and the analysis and profit from it.I am a 12 years old school student.I was learning technical analysis when i was 7.learned everything now can I can do accurate technical analysis.sir please check my ideas and comment on them so I can get to know what you think.sir you can also give me suggestions.sir please do it for me.sir and can you please spread this news?please let people know about me.
Chandruuu
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Entered it last week @ 172.5 with SL @ 164.5. Should I hold the SL or reduce slightly to 163.5 or say 162.5. Will not hold below that if it hits. will re-enter later. Any suggestions sir. My TF 1-2 years.
SaintLazarus
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@Chandruuu in my opinion you should hold the SL. Even I did the same. Just hope it opens gap up today and rejects 165