AbhishekHSinghCMT

ITC - Bullish Bat Harmonic 157 -158 for 162/165/170/176

Long
NSE:ITC   ITC LTD
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------


ITC Pushed first time as suggested last week from 157 - 158 zone which is important. Again we have Bullish Bat with 157 key level

Holding 157 level - We look for 162.50 / 165 / 170 / 176

Note - Strictly No Buying below 157 level -------------------------------------------------------------------------------
Trade active: 08:32 Hrs / 12th May 2020

Last Price @ 158.45 (Adjusted Closing)

Going below 157 - Stock looks weak for 154 & below 154 -it can attempt 135 levels (that means - below 157 - sell can be taken for 154 & lower targets & avoid sell if bounces above 157)

Strictly- Avoid trading sell if falls below 157 & later bounces above 157-158 zone then it would trap you & take all the way to 170/176

Best level to take short or sell is upside zone of 175-177 zone
Trade active: 09:27 Hrs / 12th May 2020

Last Price @ 159.30

2 Heros of the Day - ITC & Auropharma

Running Against Market -Two Heros -Auropharma at 680 & ITC Back again from bottoms 157-158 (Trading at 159.50) -As per last night published idea -Bullish Bat
Trade active: 09:50 Hrs / 12th May 2020

Last Price @ 158.50

As suggested only below 157 this pattern invalidates else it reaches all its target upside 162.50 / 165 / 170 / 176

Auropharma stopped exactly close in 1st target zone 680-685

Thanks
Trade active: 10:08 Hrs / 12th May 2020

Last Price @ 157.80

Hello All,

This is a bullish Pattern -I have suggested above 157 & Not valid below 157 as going below 157 - it will be your risk to trade on sell-side as I won't follow it & neither I will trade it.

There should be no confusion in it.
Trade active: Target 1 done at 162

Trade active: 15:00 Hrs / 12th May 2020

Last Price @ 164.50

Let us clap for Target 2 which is close by at 165 !!!

Trade active: 09:40 Hrs / 13th May 2020

Last Price @ 167

3rd Target done with the gap up opening in 170-172 zone - Day high @173

As reviewed in the latest Tata Steel idea published last night - "Can Tata Steal the Shine"

Have suggested 170-172 is resistance zone so intraday fall happened because of that supply zone (selling zone)

Next buying happens only above 173 for 175-177 zone where it faces another resistance & supply zone close to 179/180 level.
Trade active: 00:08 Hrs / 14th May 2020

Last Price @ 165.40 ( Adjusted Closing)

The first update of the session yet to start in the next 9 Hours - let the excitement begin!

Same old strategy!

holding above 165 -look for 168-169 target / Above 169 - look for 172-173 / Above 173 look for 175-177. Thanks & Good Night!
Trade active: 09:00 Hrs / 14th May 2020

Last Price @ 165.40 (Adjusted Closing)

9 Hours wait ended- Let the excitement begin!

Going below 165 -stock can fall to 162 / 157 -158 / below 157 - target shall be 154 / below 154 - can slip to 135 lows
Trade closed: target reached: 09:14 Hrs / 14th May 2020

Manage Your Risk accordingly keeping 165 as the fulcrum or most important level.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.