ITC - Selling Below 183 & Buying in 170-172 (Bullish Alt Bat)

Disclaimer
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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.

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Trading Always Requires Patience.

As suggested in my status update yesterday at 15:21 Hrs / 22nd April 2020

Status Update
15:21 Hrs / 22nd April 2020 - Be careful on benchmark Index @ 9200 / Stock - ITC @ 182.40 & few other stocks could make Index slip hard downside. ITC if holds below 183 (Strictly)-Expect 179/176/171 next on downside

Learn more about "Status Update" through Index Nifty Ideas - "Wonder Waves Part 1 & Part 2"

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Trading Strategy

Selling Below 183 ------Target -179 / 176 / 171 & Later If stock holds in 170-172 zone then we have classic bookish Alternate Bat Pattern - Holding Above 170 strictly -look for 176 / 179 / 183 copied back to back.

Alternate Bullish Bat Harmonic Pattern

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Note ---Not Available for Personal Messages or Chat - Apologies. Best way to connect is always comment section below the idea published.

Trade active:

15:15 Hrs / 23rd April 2020

Last Price @ 180.50

Started well after lot of struggle at 183 as one of the stock moving against Benchmark Index has done well
Once Index supports the fall - It will slip or travel in supersonic mode achieving all targets downside at 179 / 176 / 171
Be careful - Avoid Trading if moves above 183

Trade active:

19:50 Hrs / 23rd April 2020

Reliance Stock Update

Day High @ 1385

Stock is not looking convincing upside push - so I will just suggest -----------"Be Careful" in long positions. Going below 1140-1165 zone - It could trigger the fall & would not be surprised if goes close or below 875 lows.

So Bulls watch your steps carefully. We need to review ITC - which I am bearish for 135 & even lower in coming days. Thanks

Trade active:

09:25 Hrs / 24th April 2020

Last Price @ 181.00

ITC gave another selling chance right at the top -close to 183 levels-------day high @182.80

Trade closed manually:

15:21 Hrs / 24th April 2020

Last Price @ 180

Book Partial Profits. Avoid taking positions home. Manage Your risk accordingly. Thanks