ITC - Preparing for the third wave

After completing the impulsive structure of 1-2-3-4-5 , the Stock has given a significant fall unto 61.8% from its all time high in A-B-C corrective move fashion. As per the current scenario the stock is ready for the next higher degree wave 3 which can be the strongest & largest of the previous 1st impulsive wave.

Investment strategy:

Buy the stock in the range of 130-180 keeping Stop loss below 100 for the target range of 275/375/575.