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ReviveTraders
Dec 15, 2020 4:33 AM

ITC | round Top formation | Short Setup 🎯 Short

ITC LTDNSE

Description

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Day Trading opportunity ! 15 min Chart Alert !!!

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 ₹ per lot (2.55 % )
--Expected Holding = 1 day only
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Technical Reasons to trade OR Strategy applied :-

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
Comments
Palashmeshram
I also shorted sir, but it hit my SL and went range bound.
ReviveTraders
@Palashmeshram, ohh ...keep trying & keep learning
Palashmeshram
@tradethetip, yes sir
Palashmeshram
Your stoploss was at point sir.
ReviveTraders
saurabh2y
Sold at 214
ReviveTraders
@saurabh2y, stock is planning to take trendline support you can exit now if you want to 😀
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