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WaveTalks
Jan 9, 2021 7:37 AM

ITC- Sideways Upside Bounce Expected 197 to 213 

ITC LTDNSE

Description

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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Trade active

Target achieved above 200 to 213 -Day High

Trade closed: target reached

Target achieved above 200 to 213
Comments
Akshay77
Thank you sir.
Shivam93
I love these strategies, Plan A, B, C,, I wish in future i will be able to plan and execute these type of strategies ,,,,Thanks SIr,
aneesethi
Sir your target reached today...what next
Most of the analyst are bullish on itc.whats your view
WaveTalks
@aneesethi, If crosses above channel & holds above 240 then I will also become bullish else I will be careful at channel tops
diamondmine91
Sir please post strategies like this for BLUECHIP NIFTY 50 and good stocks in MEDIIUM and SMALL cap....please sir
diamondmine91
Please post messages strategies like this for GOOD NIFTY 50 BLUECHIP stocks Sir.....plesse
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