ITC- Sideways Upside Bounce Expected 197 to 213

Jan 9, 2021

Note-Pattern would need a review in between & does not guarantee that it will unfold as suggested- trader should manage his risk & trade

Last Fall Below 209.50 to 202.10 ( Updated over the last idea- Holding above 202.10 expect bounce- which was short term & went to-205/206)

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Trading Strategy
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Plan- A

Buy with stops below 197 & As close as possible in the range of 198-200 ( Buy Only if 197 Holds as support)- Target 1= 209.50 / Target 2 = 213/214 (Valid only above 209.50)


Plan-B
Sell with stops above 216 - Target 1 = 209.50 / Target 2 = 205-206

Plan-C
Final Push Upside or Buy Holding above 200 for Target 1 = 209.50 / Target 2 = 215-216 / Target 3 = 235-240

---------------------------------Careful -No Buying if Stock Falls Below 197---------------------------------



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Last ITC Idea - Careful Below 209.50
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Jan 13, 2021

Trade active

Target achieved above 200 to 213 -Day High

Jan 13, 2021

Trade closed: target reached

Target achieved above 200 to 213