Cup is Ready - Watch out for Breakout

24 giu 2020

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

24 giu 2020

Nota

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

25 giu 2020

Trade attivo

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!

25 giu 2020

Nota

T1 revised to 196

25 giu 2020

Nota

almost there!

25 giu 2020

Trade chiuso: obiettivo raggiunto

Sold my position at 14.2
will buy again in the nearabouts of 12-13 - it should come down to there by close!

25 giu 2020

Nota

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.

25 giu 2020

Nota

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

25 giu 2020

Trade attivo

T1 - revised and original both hit!
Purchased 200 CE for T2 and T3

25 giu 2020

Trade attivo

T2 in sights - common !

25 giu 2020

Trade attivo

T2 done; Staying in : tomorrow's earning release may see us breaking the value area

25 giu 2020

Trade attivo

T3 reached.
Greed isn't letting me exit

26 giu 2020

Trade chiuso: obiettivo raggiunto

sold at 14.2 (207 level on retractment from 209).
I hate gap-up openings.

26 giu 2020

Nota

will re-enter if up-trend sustains above 206 with momentum and volume in favour

26 giu 2020

Nota

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.