ITC
Price broke out of the tight trading range with an increasing volume. The rejection at the 288 region shows a selling pressure prevailing at the zone. Since the day closed higher, it is expected to give a move till at least 295 before the sellers step in to show their strength.
Entry will be above the day high and the stops just below the day low. Target 295 for half the positions and trail the remaining. To get a conservative entry, wait for a pullback and enter above the high of the pullback.
Entry will be above the day high and the stops just below the day low. Target 295 for half the positions and trail the remaining. To get a conservative entry, wait for a pullback and enter above the high of the pullback.
Trade active
Trade closed: target reached
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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.