Three trading opporunity are evident in ITC. 1. If ITC rebounds from current level, Buy above 192 and book profit at 200. 2. If rallies continues go long at 205 with Target1= 219 , Target2= 245 3. Go short at 184 with Target 1+ 171, Target2= 164, Target3= 148.
Note: You can Club strategy 1 and 2 . if you have taken position in option 1 and stock moves upward follow the trend by putting a trailing stoploss starting from 195
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Both target 1 and target 2 achieved.
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Traders with medium term view can go long.
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Square of your long position at 182 if stock declines. Revised target for Two months target is 240