Great going ITC .... per my last comment on this one, the targets I had kept for myself did hit - two of them - 207 and 211. Now I am of the opinion that it should finally kiss my last target of 117 and then it might even cross 121. Hoping for the best - ITC. These are just my thoughts and opinions though.
Agree, I would, for myself, keep upside targets of 207, 211, 217 till this current month end - monthly series end too may be. SL for me would be 195 on Daily Closing Basis.
bhushanwagh5
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Demerger new supposed to out at end of April. once it's public then stock would fly. After demerger FMCG would be at 160-170 and cigarette would be 174-180
Vishal6969
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Sl
bhushanwagh5
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To have uptrend it shd trade above 208-211
PrakWorld_Traders
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If it's a descending triangle pattern, it must go down, right? after it gives breakout
can u please, explain how you are predicting it in the uptrend
paragbhangale007
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@prakashv1793, If ITC break the downtrend it will surely go till 239
PrakWorld_Traders
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@paragbhangale007, But in a descending triangle pattern, we can see a constant low (ie; support zone 200) and decreasing highs, which says, there must be a break down only right !! (The target may be around 160)
This is the formula for the descending triangle pattern - ie; Downward direction
My only doubt here is how are you saying, its gonna have an uptrend after breaking that triangle pattern
Sorry, if I am wrong. Kindly correct me !!
realshivamverma
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@prakashv1793, Short covering before the result may lead to 210-220, don't expect much. ITC was at 200 in 2012.