ITC LTDShort
ITC: Still Weak from Lower TFs.
Updated
Weekly is in a nominal uptrend. The last candle however, broke below the support of 253.
There's an Ascending Triange (orange) breakdown in Daily which coincides with the Monthly Support (blue). I had already caught a couple of short trades in ITC using the aggressive 75 mins (Ascending Triangle) .
So, with bearish momentum on our side from the Daily also, we will look to play intraday tomorrow if it shows a pullback in 15 mins.
There's an Ascending Triange (orange) breakdown in Daily which coincides with the Monthly Support (blue). I had already caught a couple of short trades in ITC using the aggressive 75 mins (Ascending Triangle) .
So, with bearish momentum on our side from the Daily also, we will look to play intraday tomorrow if it shows a pullback in 15 mins.
Trade closed: target reached
Perfect move in intraday!
Trade closed: target reached
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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