HelloSambhav

ITC | round Top formation | Short Setup 🎯

Short
NSE:ITC   ITC LTD
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β­•Day Trading opportunity ! 15 min Chart Alert !!! β­•

Although RETRACEMENT IS PENDING !!!!!!

--sell below =213.45 or CMP
--Target = 208
--Stop-loss = 215
--Lot Size = 3200
--R:R = 2.48
--Expected Profit = 17,000 β‚Ή per lot (2.55 % )
--Expected Holding = 1 day only
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β­•Technical Reasons to trade OR Strategy applied :- β­•

1) ITC has formed the round top setup
2) Volume is more than sufficient i.e bearish candlestick pattern
3) time correction is done ...now price is correcting
4) Resistance break
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Trade active: retracement Done i guess
Trade closed manually: exit @ 213