ITC
Short ITCShort at 205
SL : 206
target : 203
R:R = 1:3
Stategy behind this trade :
Opened gapdown breacking the sideways market range previouly it was performing !!!! Breackdown
Short QTY = account size (Means how much you could buy this price stocks for delivery )
Happy Trading Guys !!!!! and Trade with your own risk management
ITC WAIT AND WATCHLast week market was overall bullish and sellers had a full control over market. It is still seeming weak and will be in same condition in upcoming weak as per my analysis but as we know that market can change its direction any-time so we can not relay only on analysis.
So in ITC chances are too high that market will open in downward side but there is a also small chances to open market in upside so wait until 9:45 and after that enter into market accordingly.
PUT Stop Loss and Take Profit targets according to your own Risk Appetite.
Happy Trading. :-)
Note :
Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
ITC: coming out to be potential long candidate with excellent RRITC is one among the controversial stock of 2020.
Everyone is seeing value in business & company prospects but same is missing in stock. There are many reasons and all are subjective to conclude it simply, its not retailers logic which move the stock and ITC case is best fit.
Technically ITC is sitting at excellent setup, MAY give good momentum as recent spikes are indicating there is buying force turning into ITC. My reason f posting this stock is excellent Risk to reward.
So CMP could be start point of accumulation journey of ITC.
Note- This is not recommendation, you are advise to derive your own analysis trade as per your risk and reward.
BUY Opportunities in ITC, RELIANCE & HINDUNILEVER for 22nd MarchHello traders,
As mentioned in the video, you can look for possible buying opportunities in the stocks RELIANCE , ITC and HINDUNILEVER for coming session and also for the next few days. Lookout for the exact levels available in my Indicator and trade accordingly.
Take suitable entries at the mentioned Zones only so that you can get a favorable RR ratio.
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Happy trading.