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

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.

Regards,
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

Trading@245

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.