Intraday,Swing Calls:IDFC,ITC and Century Textile

By | November 5, 2012

I’d argue that those who have a difficult time taking a break from the trading world and thus the accompanying stress are also poor managers of risk. Having risk in the market is a given. Not having discipline to manage that risk is where they fail. We’ve all had that gut feeling that X is going to happen and a loss will occur, it’s part of the business. Those that take that loss, learn from it and move on are those that are able to escape the markets when needed.

IDFC

IDFC has been in a uptrend and stock is approaching near its trendline resistance of 170. IDFC should be bought on pullbacks.

Buy above 168.3 Tgt 169.3,170.4 and 171.6

Sell below 168 Tgt 167,166.2 and 164.8

 

ITC

ITC took support at rising trendline.

Buy above 284 Tgt 286,289 and 292

 

Century Textile

Century has formed a flag pattern which is a bullish chart pattern and stock can see another 15-20% move in next 3 months.

Buy above 399 Tgt 402,407 and 414

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