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
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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.
Hope so everyone is keeping a watch on ITC as rising trendline of the wedge is broken
Trade active
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07:28 Hrs 24th Nov2016
Last Price@225
A sharp fall below the trendline- did you sell on the bounce.
Comments
sam088
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Abhishek please analysis ITC ...
Request please analysis
WaveTalks
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@sam088, Let me check -Once I get some time. Regards
WaveTalks
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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.
dev_trader
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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.
Baswaraj_1986
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Nice chart abhishek.
WaveTalks
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Welcome- but always take care of trading & execution -confirm at your end as well
Request please analysis