ITC - Perfect Descending Triangle | Target - 225,240

🔰 MY thought process :
⭐Multiple supports at the triangles lower side and 3 times good reversal from the upper trendline
⭐Volume profile is showing its trading at the most crucial and most tradable supply demand zone , a breakout from the trendline might initiate a good upmove :)
⭐Risk : 206 can be taken as a good SL where we can take 225 as 1st target and 240 as 2nd . :)

🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>


Which Volume profile script you use from Trading view?
+3 Reply
@acc4trading786, just the normal one bro, u can find this tool under the long position tool sections on the left side :)
+1 Reply
Hi approv, im Rahul i liked ur analysis....can u also sjare ur views on grasim for whole June expiry
+3 Reply
@rahulm_cnb, hello bro, i have posted for Grasim u can check my old posts :)
+1 Reply
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