ITC Long trade
Updated
ITC cmp 274.10 spot
Initiating long positions in ITC with stoploss below 268 spot
target will depend on developing price action
a variable buying strategy will be used to create positions thus cost price will change
trade instrument will be july future
please note
positional trade deep stoploss thus risk is very high
2 trade will involve adding positions and thus might not be suitable for everyone
3 Volatility is used to identify possible price moves----volatility increase can lead price on either side -what this means is resulting price movement can be fast thus realtime monitoring of trade is needed
4 derivative trading is a high risk activity-----losses can be significant
Initiating long positions in ITC with stoploss below 268 spot
target will depend on developing price action
a variable buying strategy will be used to create positions thus cost price will change
trade instrument will be july future
please note
positional trade deep stoploss thus risk is very high
2 trade will involve adding positions and thus might not be suitable for everyone
3 Volatility is used to identify possible price moves----volatility increase can lead price on either side -what this means is resulting price movement can be fast thus realtime monitoring of trade is needed
4 derivative trading is a high risk activity-----losses can be significant
Trade closed manually
ITC long trade closed in loss at approx 273 loss of 1.1 rs per lot of 2400
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