ITC downfall is coming soon (rising wedge pattern) Short

NSE:ITC1D

ITC LTDNSE

Description

⋅ Jul 3, 2020 1:05 PM

I have added all the details in the picture , please refer and let me know of any doubts.

Comments

guptajee

⋅ Jul 5, 2020 2:55 PM

What about stochastic ,RSI, 30w ma,next month only this stock will be 225 .watch my word.

Abhishek_TradersSin

⋅ Jul 5, 2020 4:11 PM

@guptajee, all the best as I am thinking the opposite. Atleast 20 rs downside from here! Its time for the probability game !

priyan_ksb

⋅ Jul 4, 2020 4:45 PM

Excellent Chart. Am expecting 160 very soon.

Abhishek_TradersSin

⋅ Jul 4, 2020 6:43 PM

@priyan_ksb, Even I am as I hold these stocks for long term investments as well. Good time to average out then!

Sanu-70

⋅ Jul 4, 2020 2:57 PM

Hi
What is the time frame

Abhishek_TradersSin

⋅ Jul 4, 2020 6:43 PM

@Sanu-70, Day or 4H.

Nathsai

⋅ Jul 4, 2020 2:06 PM

good evening sir,, after watching your idea i bought ITC put of 205 which is now showing put of 194.85,, may be because of dividend correction,, please sir help me,, this is first time i bought derivatives and i dont know anything about it,,,

Abhishek_TradersSin

⋅ Jul 4, 2020 6:46 PM

@Nathsai, Yes on monday there will be a good correction in the stock again. I only trade in Futures sir .

buddinginvestor80

⋅ Jul 5, 2020 6:19 AM

@Nathsai, why do you buy derivatives when you don’t know anything about it , derivatives market is sure way to lose money without basics . Learn and then trade buddy. good luck!!

Nathsai

⋅ Jul 5, 2020 6:22 AM

@buddinginvestor80, sir for now please help me, what should I do,, the put I bought of 205₹ become 194.85 put,, now for tomorrow suggest me