ITC India - Right way to get into the stock with the least risk

ITC India is bullish and the top performer in the Nifty for 2023. Now in a pullback - obviously everyone is thinking about how to get in.

ITC results were outstanding and the street has high targets. However buying at Life highs is fraught with risk - so how to do that successfully is what this 2 min video is about.

Disclaimer - I am long ITC and looking at a target of 500. This video is for education purposes only

评论:

Hasnt yet come down to 435 - so nothing to be done here as of yet.

评论:

Closing around 435 - would still be patient to see that the stock finds adequete support here. See if it pulls back properly from 430 before pressing the trigger on it. Be patient and see if it does form a viable base around the 430-435 region.

评论:

Pulls back above 445 - wow this stock has got massive institutional support. I would not be surprised to find it around 500 by year end (dec 2023). It is a slow moving stock so patience is key

评论:

Strong even when the market has corrected. Bank Nifty has come down to 4300 levels from the LTH, however seems like ITC buyers are still confident. Continue holding - but do not add any more at this level