ITC Ltd. - Double Break Out Trade
Updated
Date: 11-Oct-2023
Rating: Buy
LTP: Rs. 448.25
Target: (1) Rs. 455, --> (2) Rs. 480, --> (3) Rs. 500
SL: Rs. 433
Exit Plan: Follow the 7D/13D EMA cross down on closing basis.
ITC has given double break outs. From its current short term down trend and from double bottom pattern. Have closed above 20D MA. EMA, MACD and RSI giving bullish sign with RSI giving positive divergence.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy
LTP: Rs. 448.25
Target: (1) Rs. 455, --> (2) Rs. 480, --> (3) Rs. 500
SL: Rs. 433
Exit Plan: Follow the 7D/13D EMA cross down on closing basis.
ITC has given double break outs. From its current short term down trend and from double bottom pattern. Have closed above 20D MA. EMA, MACD and RSI giving bullish sign with RSI giving positive divergence. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Note
Target1 of Rs. 455 achieved today. Heading towards next target.Note
5-Jan-2024:2nd target of Rs. 480 reached on 4-Jan.
NEXT TARGET: Rs. 500
Disclaimer
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