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ITC

ITC swing trade setup April'20Hello friends.. I've certain observation about ITC, and that i think let's share it with you. As it can be seen on charts, volumes are increasing and price is trying to move in upward direction. It appears a great swing trade setup in this bear market, comment your views on ITC? Entry price: 173 to 180 Stop loss : 160 Target price : 216 return/risk ratio : 2.1 Disclaimer: I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
NSE:ITCLong
by jaykishan-largecap
This is simply to draw your attention, ITC.This is simply to draw your attention , ITC. Low - 134.85 CMP - 151 CMP - Low = + 16.15 Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup: Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low. The final target for a long run level 220 above, and easy target at 178 . Technically, We will get a price of this stock again 135 nearby shortly to attract the eye for investors.
NSE:ITCLong
by Trade-Technique
30
Target is still easy on ITC. Buyers attraction has been seen.There is still no change; This is simply to draw your attention , ITC . Low - 134.85 CMP - 151 CMP - Low = + 16.15 Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup: Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low. The final target for a long run level 220 above, and easy target at 178. Technically , We will get a price of this stock again 135 nearby shortly to attract the eye for investors. Posted when the price was 150
NSE:ITCLong
by Trade-Technique
28
ITCIn daily time frame ITC has made a Bearish Island Reversal. Even though the impact of this set up usually works after an uptrend, we cannot ignore the repercussion in the current scenario. Until it does not negate the bearish pattern AT 165 upside looks difficult. Above that a short term move till 200 where it has a massive monthly and weekly resistance. Downside levels per monthly chart time frame are 120 and if that fails to sustain the next major one is near 65.
NSE:ITCEducation
by Dinesh_C_Nagpal