sandeepkumarmeenagreaternoida

Multibagger in making

Long
NSE:ITC   ITC LTD
"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.

Slope of prices is good. If prices have to respect the pitchfork , we may see an wyckoff trading range in upsloping channel. This is low Risk High Reward trading opportunity.

DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.

This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Comment: Wide Range Bar marks the begining of New Trend ?
Trade active: Initiated long at 206 keeping stop loss at 195
Comment: Spring Action
Comment: spring action and "BOOM" look out for UT
Comment: last bar indicating towards more upside
Comment: is it safe to consider present upmove as TRY? If yes, this is going to breakthrough the supply zone this time, to test UT area in upsloping channel.
Comment: Safe to stay invested till red median line, based on increasing volume.
Comment: VALIDATION of Demand line
Comment: For more clarity on idea changed the pitchfork to modified Andrew using same pivot points
Comment: Acceleration for piercing supply zone?
Comment: TWO price failure (Hagopian rule) and one side breakout from hagopian line. Which way? 204 or 228. More inclined to downward side. will add more to positoin at 204. Stop loss below 200
Comment: using modified andrew for down move
Comment: will not add more at 204. Will wait for change of behaviour or character. or at 186?

Comments

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