The market has been sideways for sometime now. After the Jul/2017 sell off there was a double bottom at 250. Last swing down retested this support and this time there is a bounce from 260. There is a kind of a faint up trend emerging. There is lot of time before a position can be taken. I want to see the behavior of market as price approach the green cloud and...
Based on my "xRSI-FKS Explosion's" predictive trading methodologies, its going to be a GREEN candle on 12-Jun-2018 for ITC
Buy Above: 269.9 for targets -
T1: 271.9
T2: 273.1
T3: 274.4
SL: 267.7
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own...
this is just based on imagination and some technical logics ...,,
before jumping in a trade add your BRAIN (IF YOU HAVE please use )
not a recommendation just a intution!!!!
dear "LONG -TERM investors" , stay cautious !
I see a good correction on cards in cigarate GIANT , ITC,
a fall can take nifty (if happens) to even below 9500 levels in one way !
lets see!
After long time of consolidation and very good Q3 results NSE:ITC has given technical breakout. Can go long with target of 288 and then 300 with sltp of 275.5 NSE:ITC
ITC spot 274.35, no trading zone between 271.50-274.50, potentially forming head and shoulder, as it break 272, strongly expected to come down up to 260-262, and if it’s break 276 on up side we will se soon 282-84, soon
ITC, closed at 261.75, today, now I’m expecting that as it breaks 266.30, it’s a great level to enter in a long position for target price 307-308, followed by 284, and 296
Buy ITC for the targets of 300 and 320 in the short term and 350 in the long term.
For short term, Maintain SL of 250 and accumulate all the dips for long term
posting it because someone asked me to do so on twitter!!!!
let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ...
i can be wrong!
Trading at the 61.8% FR level of the rise and testing the 200 SMA along with the previous lows placed around the 272-270 levels.
Should go to 290 first and then should test 321( the lower and upper end of the gap areas coupled with Fib levels). Stop Loss is 270 (Daily Close).
We can see short term play of Cup and handle breakout on ITC, target will be 295, and keep the Stop Loss 268! If the 300 level breaks, then we can see a sharp move towards 320!!
Sometimes I get queries as Why not exact stops or target ? It will be more helpful for Us. Guys,
i) I don't know your capital
ii) I don't know risk ability you can afford
iii) I don't even know which trade setup or strategy you use to enter the trade on what timeframe
iv) I don't know how long you can hold the trade ( Intra or swing )
v) I don't know you are...
