WaveTalks

ITC - Turned into STC - Will You Buy at 170-172?

Long
WaveTalks Updated   
NSE:ITC   ITC LTD
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

---------------------------------------------------------------------------------------------------------------
Targets Upside (Strictly Holding 170's)
176
179
180-182
Above 182-185 - No Trade Zone

If Stops in 180-182 ( Strict Stops above 183)-------------Target Downside 179 / 176 / 170 / Below 170 - 158-160

Thanks for watching this video.
Comment:
05:08 Hrs / 5th May 2020

Nifty Update (Comment)

Benchmark Index as suggested last week selling below 9850 from "Bearish Deep crab Pattern" which had upper extension of 362 %
Fall was very much expected.

Missed last Nifty Index videos –Watch Wonder Waves Part 1 /2/3 through TradingView profile page
in.tradingview.com/u/AbhishekHSinghCMT/

Note – Any 3rd Party link or external website link for advertisement shall be dealt strictly by moderators.
Please check House rules at in.tradingview.com/house-rules/

What Next ?
Strictly, If Index Nifty holds above 9300 - we can expect an upside push for 9500 / 9650 / 9780

Always use trailing stop method to manage your risk better.
Trade active:
09:23 Hrs / 5th May 2020

Last Price @ 175.90

Day High (so far) - 177.45

Target 1 done at 176-------- Next Target Only Above 177.50 or if holds below 176 then re- attempt of 170-172 zone is possible.

If 170 or close by levels hold then upside push again for 176 / 179 /181. Thanks
Trade active:
09:30 Hrs / 5th May 2020

Last Price - 176

Interim Update (Updated Plan) - As mentioned above -------Holding below 176 - Stock can do re-attempt of 170-172 zone
This view is extremely risky as best buying was only between 170-172 & Best Selling will be close to 182 levels. Thanks
Comment:
New Status Update as of 11:50 Hrs / 5th May 2020 (Hope you got the update)

Stock Auropharma -

Last price @ 643

Last Trading at 652 ( At the time of the status update @ 11:50 Hrs /5th May 2020)

Zone 645-650 is critical zone - Going below 650 & Holding that level -Stock can slip to 600-605 & Below 600 for 525-535. This trading opportunity is not valid if stock moves above 650
Trade active:
14:41 Hrs / 5th May 2020

Last price @ 641

We book partial profits in Auropharma & close sell positions if stock holds above 640
Trade closed manually:
09:34 Hrs / 6th May 2020 -------

Status Update-
ITC cracks cracks cracksssssssss below 170 reaching our target in fast & furious mode - what a fall below 170 to 160.55- Bravo!!!
----------------------------------------------------------------------------------------------

Last price - 164 / 09:35 Hrs / 6th May 2020

Index moved below 170-172 which was key zone suggested any fall below 170-172 - ITC slips to 158-62 zone which is strong support zone

Day Low @ 160.55

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.