ITC- Possible Cypher Pattern (Until X@273.30 is Violated)

232 6
Unless X@273. 30 is violated- I am taking this as a possible cypher pattern . Risk/Reward could be big - I am taking about 175-180 zone with 3-5 bucks as strict stoploss slightly above 273.30- which will violate X-Wave & Cypher goes into bin.

Abhishek H. Singh, CMT
Trade active: 14:15 Hrs -23rd Sep2016

Trading at 253.50

Likely Avoid Taking Short Positions now, as it could bounce from the lower boundary line go into the zone of 265-270 or short positions to be taken only if lower boundary gets broken.
Trade active: 12:00 Hrs 29th Sep2016


Hope so everyone is keeping a watch on ITC as rising trendline of the wedge is broken
Trade active: 07:28 Hrs 24th Nov2016

Last Price@225

A sharp fall below the trendline- did you sell on the bounce.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Abhishek please analysis ITC ...

Request please analysis
@sam088, Let me check -Once I get some time. Regards
@sam088, Hi Sam, apologies - had lots of work pressure so likely can get time over the weekends. If possible do remind & I shall revert back.
Thats Nice one. This clearly shows, if you have little bigger horizon (bigger picture too) for trading, then things looks bit clear. Thanks Abhishek ji.
Nice chart abhishek.
Welcome- but always take care of trading & execution -confirm at your end as well
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