ITC case study

ITC LTDNSE

Description

⋅ Oct 19, 2021 5:45 PM

ITC bearish case study.
Rising channel formation with resistance line around 270 levels.
Bearish crab pattern formation with prz around 263-270.
Elliot wave formation with impulse phase maturity around 272 levels
RSI divergence between last two swing high ,,

Taking all to gather 263-272 stiff resistance zone,,
view gets violated above 277 levels.
Counter made entry in resistance zone
Not able to sustain and slips down,,
First target zones of 240-246 and below 240
Second targets levels of 218-221

Trade active

⋅ Oct 21, 2021 6:46 AM

ITC counter made high around 265 levels and now trading around 243

20 points done
first target levels achieved

keep booking or now stoploss of recent high

Trade active

⋅ Oct 22, 2021 10:02 AM

233 FROM 265

What else do you want

captured perfect peak and reversal

power of harmonics

Trade closed: target reached

⋅ Oct 29, 2021 8:58 AM

222

all targets done

let all keep shouting

technical keep its words in silence

booked total 40 points profit

Comments

crudetrader1994

⋅ Oct 19, 2021 6:53 PM

sir why are you always bearish on most of the stocks and indices ?

RUDRA007

⋅ Oct 20, 2021 4:51 AM

@crudetrader1994, what ever charts tell,, we have to follow ,,

RUDRA007

⋅ Oct 21, 2021 4:19 AM

@Dexto_8912, @Moderator can u pls take some action again such idiots using bad words,, every now and than making new id and comenting with bad words

jithinmp2710

⋅ Oct 30, 2021 5:50 AM

Beautiful

eternallearner

⋅ Oct 22, 2021 1:57 PM

Keep on the good work despite the nonsensical barks. Those who cannot make money because of their own limitations will always find excuses/scapegoats to vent their frustration. Never mind. I am also short as a hedge against my holding. My tgt on ITC 300+.Presently trailing sl at slightly below wave 1 top of C.(Posted my view with headline ""Kumvakarna is awakening".

RUDRA007

⋅ Oct 22, 2021 2:13 PM

@eternallearner, good enough

eternallearner

⋅ Oct 20, 2021 6:37 PM

Mkt has its pitfall too often. No TA is HOLY GRAIL.One has to understand risk management before any trade. Those who does not understand-pl.forgive me-should opt out of trading view at least-if not from mkt altogether.