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AJAYSHARMA
Jun 12, 2017 7:32 AM

Buy on dips 4 a target of 326 Long

ITC LTDNSE

Description

is in a wave 4 correction of minuttee degree . So the buying range is the previous wave 4 of one lesser degree i.e 295 - 304 . But tday it seems to be forming a hammer . Any dip below 300 is a buy
Minimum target is 326 .
Comments
sandy
stoploss?
AJAYSHARMA
@sandy, There r no stop losses in a bull market when ur long . At best 270
sandy
@AJAYSHARMA, ok thanks .risk reward 1:1 almost
AJAYSHARMA
@sandy, Actually RR should be 3:1 . Most prudent would be 2 buy below 300 with SL 294 with a tgt of 326 minimum that too July series .
sandy
@AJAYSHARMA, i always wait for ur post sir
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