ITC - Long Opportunity - Daily Long

ITC LTD.BSE

Description

⋅ Oct 11, 2016 8:31 AM

BSE:ITC

Price has bounced from 61.8 Fib extension. An important Fib level.

Good opportunity to go Long if we get couple of bullish candles

Need to exit the trade if price breaks the trendline.

Stop Loss: 235.32

1st Target : 251.20 (Part of shares can be sold)

2nd Target: 264.91

Trade closed manually

⋅ Jan 26, 2017 11:45 AM

Didn't manage to hit the 2nd target. Sold the remainng shares on 1st Target

Comments

InsiderB

⋅ Oct 11, 2016 2:04 PM

All the best for this trade !

imdbeststocktrader

⋅ Oct 11, 2016 2:15 PM

Thank you Insider B. I am waiting for confirmation. Please let me know what do you think about this trade.

InsiderB

⋅ Oct 11, 2016 4:13 PM

Even I do have same opinion of buy on bullish reversal, bcos of channel retest, but I will keep My stops a tick or two lower !

imdbeststocktrader

⋅ Oct 11, 2016 5:30 PM

Thank you for your view and input, will keep stops little lower