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.
ITC KEY LEVELS SUPPORT AND RESISTANCE 15/04/2020Key Levels for ITC :
Upper Breakout~186.25
First Target~187.40
Interim Resistance~188.65
Final Resistance~190.05
**Lower Levels**
Lower Breakout~184.25
First Target~182.90
Interim Support~181.85
Final Support~180.35
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 07/04/2020Key Levels for NIFTY 50 are :
Upper Breakout~8145
First Target~8253
Interim Resistance~8352
Final Resistance~8471
**Lower Levels**
Lower Breakout~8015
First Target~7913
Interim Support~7854
Final Support~7772
Please trade with caution and consult your financial adviser before trading.
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.
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















