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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"
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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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
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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
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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
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15:21 Hrs / 24th April 2020
Last Price @ 180
Book Partial Profits. Avoid taking positions home. Manage Your risk accordingly. Thanks
Are you speculating target 4 to reach slowly or the bounce from 170-172 back to 183 or so? Your views are solicited.
jkkp
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What happened to RIL Sir! What a spectacular rise. ITC ?
invest_shares
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Thanks for the analysis. I saw in your other idea that you are bullish on Nifty, so do you still think ITC will touch 172 level? Or is it time to revise the targets?