Please taken entry once share have broken its Multi year resistance at 566 or below depend on your Risk appetite.
1. Multi year Resistance at 566
2. Golden crossover of 50 -200 EMA in coming weeks.
3. Stocks is currently at nearly at half way away from its Life time high.
RISK : REWARD RATIO 1:3,PRICE is exactly at its demand zone,its time for investing.
swing traders can get away at take profit level 345 (approx 18 months)
Investors can hold upto take profit level 452 and wait for next suitable entry.(approx 2 to 3 years)
THESE ARE MY VIEWS ON ITC ANND NOT RECOMENDATIONS,KINDLY USE IT AS GUIDLINES ALONG WITH YOUR...
This chart tells when to buy a stock (when the price is around lowest point) so that you can sell it within 1-5 days and make quick profit. This golden rule has helped me maintain my streak of ZERO loss. So far I have been using this Golden Rule to make sure shot profits (low but consistent).
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Happy Guys & I don't know what to give as title, so gave a song title :)
Getting Back to analysis, we drew ABCD yesterday, there can be more reasons coming up today for upside move. For example, Am expecting Double Bottom on 15mins time frame but will see whether it happens. I hope Nifty, after taking support around 9130's zone we may get move up till 9170's...