Trade-Technique

Real-World example of Price ROTATION trade and accurency

Education
Trade-Technique Updated   
NSE:ITC   ITC LTD
Keep your stop loss Outside of a penetration area.
The trade will execute after breaking up/down will give you the direction of trade.

Following points should be observed before entering to trade.
  • 1) Volume should increase from the normal range of it.
  • 2) The volume with the price. For instance, if down-breakout, price fall with raising volume will favor of your trade direction.
  • 3) Take price when price heavy surge in volume, because of most of the trader book the profit at that time.
  • 4) Read price but not news or other talks.
  • 5) etc.
If you want to get UPDATE/ALERT when a breakout, LIKE this post.
Comment:
ITC is still in price rotation and first touched to uparside penetration.
Trade closed: stop reached:
I hope you learn from it. after up penetration, we have seen fall.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.