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ReviveTraders
Jan 3, 2021 10:48 AM

ITC | Triple Bottom Breakout | Detailed Analysis here !!🎯 Long

ITC LTDNSE

Description

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β­• Positional Trading opportunity ! Weekly Chart Alert !!!β­•

--Buy above =210.45 or CMP
--Target = 235 | 257
--Stop-loss = 196
--Lot Size = 3200
--R:R = 3.27
--Expected Profit = 1.50,000 β‚Ή per lot ( 22.43% )
--Expected Holding = 1-3 Months only
#ThankU For Checking Out Our Content , We Hope U Liked IT πŸ“Œ

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β­•Technical Reasons to trade or Strategy applied :- β­•

1) ITC has given the Big Breakout of Triple bottom pattern
2) Retracement is done with big rejection in downsides at support
3) Target is based on the height of the pattern
4) Volume is also good as well as fundamentals


Guys check out the related ideas as well, it will work really well GUARANTEED !

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πŸ‘LIKE if think is useful !
✍COMMENT Below your view !

Analysis (2) πŸ‘‡πŸ‘‡---------Trendline Breakout ----------πŸ‘‡πŸ‘‡


Comment

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Analysis (3) πŸ‘‡πŸ‘‡-------W pattern at bottom ---------πŸ‘‡πŸ‘‡

Comment

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Analysis (4)-πŸ‘‡πŸ‘‡-------- Daily Chart Analysis--------- πŸ‘‡πŸ‘‡

Trade active

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BEST OF LUCK GUYS !!!!

Comment

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Trade closed: target reached

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1st Target reached 11 % Gain
safe traders can book full, rest modify SL to cost

Trade closed manually

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1st TGT achieved
Safe Traders booked an 11% gain
risky traders exited with No profit No loss
Comments
rajeshe687
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It went down a lot today. Shall I still hold?
ReviveTraders
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@rajeshe687, if you want then you can exit to avoid further loss & can re-enter afterwards
Akash55
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WHAT IS THE OUTLOOK ON ITC NOW!!!
ReviveTraders
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@Akash55, looks like some downfall is still can happen be cautious while holding it
Akash55
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@tradethetip - Ok, holding Feb 235 CE buy @4, SL @2.50.
Gondu16
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Hi can we enter now?
ReviveTraders
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@Gondu16, yeah of course ...its a perfect time to buy
stierfinancials
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i am going to enter the trade with 250CE . is it okay?
ReviveTraders
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@stierfinancials, well i can't say anything about that .... i guess you should it in cash not in options
manojahuja
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Superb Analysis..
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