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Discussion in 'Technical Analysis' started by chequesuraj, Feb 19, 2013.

  1. chequesuraj

    chequesuraj Member

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    Dear Shabbir,

    Can you pls tell me about ITC...

    Can it be good bet at CMP with 290 as SL for the 320 target?

    or is it in down leg now? :confused:

    Regards
    Suraj
     
    chequesuraj, Feb 19, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No it is not going down leg but it is stopped going down for last 4 to 5 days and so I would wait for a mini uptrend like may be above 305 and go for an anticipated breakout
     
    shabbir, Feb 19, 2013
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  3. shwetagnema

    shwetagnema Active Member

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    hi shabbir, when you say above 305, it means that it should sustain above this point or when even a tick has gone up and then we can buy at a bit lower value?
     
    shwetagnema, Feb 20, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    You can buy above 305 but if you want to buy a bit lower then you are jumping into more riskier trade and so you can gain more as well.
     
    shabbir, Feb 20, 2013
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