Wait for channel breakout on upper side if it breaks out take buy(long) trade with target price of207-208. It will move very slowly because of large market cap. Fundamentally ITC is very strong with big chunk of cash on balance sheet. Dividend yield is also good around 5% so if you want you can hold for long term as well.
I have bought 200 ce sep at 6 and now its 1.20 :(..Any hope in next 1 week? else i have to book loss. Please advice.
LalitDaine
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@IrshadS you can wait till friday morning but keep a stop loss around 1.05 or 1.10 so atleast it will protect your small capital if you see a uptrend in next 2 - 3 day you can reenter with a 190CE or price closer to market price
IrshadS
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@LalitDaine, Thanks a lot lalit..Hereafter, I will def follow SL..Today its almost gone till .90 ;-( Loss of 24000 with 3 lots.
LalitDaine
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@IrshadS going ahead strictly follow stop loss don't waste your hard earned money
I have bought 200 ce sep at 6 and now its 1.20 :(..Any hope in next 1 week? else i have to book loss. Please advice.