ITC Jan 10-15 Target 232

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

ノート

It's good to add more quantity and build on the existing position

ノート

Wrong timing bad news. Exited my CE with loss and entered Future at 203 with a Hedge position of 197PE

ノート

Booked profit but those who long hold it till 232

トレード終了: 利益確定目標に到達

philipakash