AbhishekHSinghCMT

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

Short
NSE:ITC   ITC LTD
250 views
8
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.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Abhishek please analysis ITC ...

Request please analysis
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@sam088, Let me check -Once I get some time. Regards
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@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.
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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.
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Nice chart abhishek.
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AbhishekHSinghCMT Baswaraj_1986
Welcome- but always take care of trading & execution -confirm at your end as well
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