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SumukhK
Mar 8, 2020 8:08 PM

Accumulation Zone - ITC 

ITC LTDNSE

Description

ITC is in a long term Accumulation zone of pricing from 180 - 142 levels, However one should consult their financial advisor before making any decision to buy or sell equities

Trade active

Stock has seen an active bounce from lows hits on 13th March i.e. 134.65
One can continue accumulating this gem

Trade active

Resiliance at levels of 143 to 155, if market recovers can see good bounce in ITC till 178-182 levels as first point to reach

Trade active

For suggested broader range i.e. 142 to 180 if someone have deployed their funds in right ratio from 180 till 140 for example 25% @ 180, 25% @167, 25% @152 around & 25% at 140 around - is now on avg profit of 10-12% - they can partially book 50% and stay long for higher levels for 2-3 years horizon till Rs 300-350/-
the booked 50% can be re-enter again around 142-155/- if the levels are reached again

Trade active

with buying strategy - this is becoming a potential multi-bagger - can continue investing in this counter
NOTE: one should consult their financial advisor before making any decision to buy or sell equities

Trade active

Trade active with entry at 142 and below since march 9th - One can book partial or full at 185-190 levels based on their appetite and trade strategy - can make re-entry again at 152, 145, 136 and below
NOTE: One should consult their financial advisor before making any decision to buy or sell equities
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