Long Trade in ITC

Feb 21

ITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days.

I am seeing a trading opportunity here.

I am taking long position in ITC march futures at CMP 407.

I will add more position if 402-404 comes.

My stoploss would be 397.

Target would be 425.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purpose. Thanks!

Feb 21

Trade active

added more at 402.

Holding long position with 398 SL.

Feb 22

Trade active

CMP 415

3.10 % in profit.

Long position open & holding with 405 stoploss.

Feb 28

Trade active

CMP 411

Trading in a small range.

Mar 6

Trade active

CMP 408

Trading sideways but didn't hit neither SL nor target.

Expecting to hit target soon.

Mar 7

Trade active

adding huge position in ITC 420 CE

CMP 4.10

Expecting it to get 2x-3x by next week.
will exit if ITC goes below 400.

Mar 11

Trade active

ITC 420 CE
CMP 8.50
From 4.10 to 8.50
2x move done. booking CE here :)


Future is just 5 rupees away from target.

Mar 12

Trade closed: target reached

Mar 13

Trade closed: target reached

ITC 420 CE
CMP 20

from 4.10 to 20

although I booked at 2x only, It's now 5x from my buy level. This is what I was expecting. :)
Future at 439.