ITC - Long Opportunity - Daily

Oct 11, 2016

ITC

Price has bounced from 61.8 Fib extension. An important Fib level.

Good opportunity to go Long if we get couple of bullish candles

Need to exit the trade if price breaks the trendline.

Stop Loss: 235.32

1st Target : 251.20 (Part of shares can be sold)

2nd Target: 264.91

Jan 26, 2017

Trade closed manually

Didn't manage to hit the 2nd target. Sold the remainng shares on 1st Target