bhagat109

Trendline breakout

Long
NSE:ITC   ITC LTD
After a considerable downtrend, ITC has broken the trendline. I wouldn't enter the trade right away. I would wait for it to retest the new little trendline that I just drew.
Target: 180
SL: The new little trendline.
Comment: Tomorrow if ITC stays above 169 for 1st 15 min, then go long.
Comment: Trade not initiated yet. Bcoz price couldn't sustain above 169 on 27 OCT
Comment: Missed this bus. But one can still wait for a pullback as ITC looks bullish from here.