To all the lovers and haters of #ITC. Just sharing what charts are showing.
Triangle pattern formation on monthly charts and its very close to breakout or breakdown. Probability of a breakdown is low since the markets are in up trend. #Iamjustsaying #Itwasntme.
I have parked my FD money in this, so I have no worries of its future course.
New idea update: #ICICIGI #ICICILombard
Consolidating in a very tight range since more than an year.
Entry range: 1424-1440 (Earlier resistance acting as support)
T1: 1626 and then, uncharted territory
Time Horizon: Medium to Long Term
New idea: #HSCL #HimadriSpecialty
If closes above 51 today, adding 1/3rd tracking quantity - Long term trend reversal. All in when it closes the week above 57.
SL: Below 40
T1: 80, T2: 200
Time horizon: 1-2 years
New idea update: #VGuard on the verge of breaking out 3+ years old resistance (262). If that happens, it could move very fast till 350.
Entry: If close above 262
SL: Below 217
Time frame: 6 months to 1 year
Finally broke out with amazing volumes. It's a buy if closes above 252. If its shoots up further, one can wait for the retest for buying in 255-265 range.
SL: Below 200
Target: 370 (Just note, it has been a huge wealth creator in last decade)
A very rare setup.
About to touch its lower trendline that has been intact for more than 10 years. A very high probability of a sharp upmove.
Entry levels: 75-80
SL: Below 70
Target: 240+ in 2-3 years
Keep an eye!