A break above 194.5 should see ITC back to its price value area between 194.5 and 202. If break above 194.5 T1 = 198 T2 = 200 T3 = 202
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Optimists may want to go long on 190 CE July. Thats what i am doing. Remember tomorrow is June expiry - so there can be long drawn out handle. so tread cautiously
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Updating SL to 12.8; I bought them at 11.8. Its a volatile day today and global outlook is negative. going safe against my instincts!
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T1 revised to 196
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almost there!
Trade stängt: målet nått
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Sold my position at 14.2 will buy again in the nearabouts of 12-13 - it should come down to there by close!
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"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.
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I will re-enter only if stock stays in the near bouts of 194 and inside the price value area - will buy July 200 CE options around 2:30 PM
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T1 - revised and original both hit! Purchased 200 CE for T2 and T3
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T2 in sights - common !
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T2 done; Staying in : tomorrow's earning release may see us breaking the value area
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T3 reached. Greed isn't letting me exit
Trade stängt: målet nått
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sold at 14.2 (207 level on retractment from 209). I hate gap-up openings.
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will re-enter if up-trend sustains above 206 with momentum and volume in favour
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As long as the stock stays inside the value area marked on chart (194-202); I don't see it falling back to 160-170 level. so those with long term views should stay in rather than booking losses.