In Daily Chart it is visible that ITC has bounced from the double bottom and now moving towards the resistance of 259-260. If it breaks that then it may move further up till second resistance @ 265.
One can go Long on ITC for the target of 259 and SL of 254.
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Trade Active
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Trade Closed Target Reached.
Trade fechado: objetivo atingido
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Does'nt look like going above the resistance as expiry is very close. Exit from Long positions if any.
Comentários
dravya
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Yeah, a pullback seems on the cards . Also, budget will affect the stock.
abhishekm83
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@dravya, Yeah, I didn't look at the budget perspective.
dravya
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@abhishekm83, It moved like crazy last budget. Announcements on tobacco / Cigarettes and patanjali shall restrict the growth. Let's see how it moves.