Long or Short Opinion
- Thread starter rajputz
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ITC has yet shown no sign of weakness over its upward move. Even all the brokerages have already given a buy call over it. IIFL, Ventura, Buisness standard has also given a target of 303 on it. I got a bit shaky today as i didnt wanted to take loss over the trade and exitted cost to cost. otherwise the price just reverted from the trend decider levels. Check the charts: -
ITC has yet shown no sign of weakness over its upward move. Even all the brokerages have already given a buy call over it. IIFL, Ventura, Buisness standard has also given a target of 303 on it. I got a bit shaky today as i didnt wanted to take loss over the trade and exitted cost to cost. otherwise the price just reverted from the trend decider levels. Check the charts: -
Just wanted to say that ITC gets interest when markets are too risky and people are looking for good stocks with good dividend yields and with stable income irrespective of how the economy does. On the other hand if markets are doing well it gets overlooked.
But also the move in this counter is not massive so expect it to be a very slow mover.
Volatility would be very low. Hence you should not enter the stock if your view is very short term. It will not give you quick profits.
Even if you see the peak of crisis when markets tanked this stock barely lost its value compared to other stocks. This gives stable return over a longer period of time and in my view stock must not be used as trading. Any fall more than 20% in the year must be bought into and and rise more than 25% most be shorted for a longer time frame.
But also the move in this counter is not massive so expect it to be a very slow mover.
Volatility would be very low. Hence you should not enter the stock if your view is very short term. It will not give you quick profits.
Even if you see the peak of crisis when markets tanked this stock barely lost its value compared to other stocks. This gives stable return over a longer period of time and in my view stock must not be used as trading. Any fall more than 20% in the year must be bought into and and rise more than 25% most be shorted for a longer time frame.
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