ITC has been underperforming in 2020 with all its peers shining so a bet on the ITC. With FMCG at an all-time high, this cant is at this price(I am not an expert fundamental analyst but it's just a feeling). Let's move into the technicals. A very beautiful Cup or rounding bottom chart brings the ITC target to 232 in January and the monthly candles are creating a very nice double bottom pattern and a W recovery.
Close below 207 I will exit my trade for Jan 210 CE I purchased it at 9.15 for a chart target of 232
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It's good to add more quantity and build on the existing position
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Wrong timing bad news. Exited my CE with loss and entered Future at 203 with a Hedge position of 197PE
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