ITC took Strong SupportITC has taken good support and rallied... buy buy buy... if you are not willing to buy in futures take options =>buy 215 CE sell 225 CE ... expectation is it will reach 225 so by that time expiry comes in and you can eat premium of 3200 maximum loss is 5500 if it starts falling down to 195 then sell one more 225 CE you will loose around 2k-3k which is nothing I bought 215 ce at 2.65 and sold 225 ce at 2.65 already at 700 profit... I think ITC is a good dividend yield company and holding it will give you 5 to 7% profit i dividend yield itself and if it rallies that is extra... so buy in stocks if you have moneyLongby VamsiTradePublished 0
ITC - Breaking Out - Is it Big EnoughITC - The most talked about stock, finally breaking out. Wether it will continue, time will tell. For now 210 looks a possibility. See the Volatility Contraction pattern.!by prameshpPublished 0
Breakout spotted in ITCBuy ITC for the first target of 207 (Note:- This is my personal views. Please consult with your advisor before taking trade.)Longby msmshukla25Published 112
ITC Bullish Target above 206ITC adhering to the trend line Positive momentum building up slowly Stop loss of 190 on closing basis Longby H_GUpdated 0
ITCBreakout from this triangle pattern (upper trendline) Would trigger good up move Longby abyjohnkuttyPublished 4
ITC - Range BreakoutITC range Breakout on the lower side can give good move below 191 which is also a previous month's low. Previous month's candle is a bearish showing rejection near 200. by Anthony_VijayanPublished 0
ITC gearing for a breakout?Recommendation of Positional Long on ITC with a stop loss at swing low of 191.5 Longby sujithprabhaPublished 2
ITC - WolfewaveITC has bullish wolfewave , can be bought with small stop loss. Targets on chart...Longby IndyanUpdated 11
Stock should find its way this week #ITCIts continuous trading in tight range for quite some time now it should give breakout in any direction either up & down for sure, keep an eye.by Graj88Published 3
ITC : Bearish in all technical ParameterBearish in all Technical Parameter. Strong support 190 and good level for buying. Buy ITC, target price Rs 243: Axis Securitiesby singajaiPublished 3
ITC-Seems triangle so enter only in breakout in BULLSIDE...Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views... Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS by nmkvijayPublished 9
LONG I TC 2 DAYS TIME SCALEUPSIDE BREAK OUT IN DAY CHART STOP LOSS 197 TARGET 211 219Longby behraniraviPublished 3