1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Good ROI?

Discussion in 'Technical Analysis' started by verenmitter2001, Jun 2, 2014.

  1. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi
    ITC is standing near its support of 340
    I think if 338 is held it can bought with good ROI.

    Please share your view.
    Regards
    Veren
     
    verenmitter2001, Jun 2, 2014
    Share #1
  2. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    ITC has broken its support today.
    Good shorting script.

    Regards
    Veren
     
    verenmitter2001, Jun 3, 2014
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Bingo :D
     
    shabbir, Jun 3, 2014
    Share #3
  4. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi Shabir
    ITC is consolidating at CMP with support at 330.
    It can be bought for anticipated breakout on up side. Risk reward ratio is quite good.
    What do u say?

    regards
    veren
     
    verenmitter2001, Jun 12, 2014
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I would avoid long positions in ITC as there is no pattern being formed.
     
    shabbir, Jun 12, 2014
    Share #5
  6. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    It could be better above 340.
     
    srspriya06, Jun 15, 2014
    Share #6
  7. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi
    Watch Itc closely as the stock is standing n consolidating on its 200 dma

    It can move up any time. Risk reward ratio is quite favourable on Itc as sl is quite near 330 level

    Regards
    Veren
     
    verenmitter2001, Jun 22, 2014
    Share #7
    shabbir likes this.