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
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
Comment:
It's good to add more quantity and build on the existing position
Comment:
Wrong timing bad news. Exited my CE with loss and entered Future at 203 with a Hedge position of 197PE
Comment:
Booked profit but those who long hold it till 232
Trade closed: target reached