ITC Forecasting for Positional Trade (Trade Duration-7 Days to 20 Days )
(Daily time frame chart used)
If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238
why you should ?
1.Positive RSI divergence (you can refer my previous post of ITC )
2.Change in polarity with Good Volume
3.Trend Reversal .
4.Risk Reward Ratio is Good.
5.RSI- 68 ( Bullish )
6. MACD Bullish crossover
Disclaimer: I am not SEBI Registered ,This is just my own view.
(Daily time frame chart used)
If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238
why you should ?
1.Positive RSI divergence (you can refer my previous post of ITC )
2.Change in polarity with Good Volume
3.Trend Reversal .
4.Risk Reward Ratio is Good.
5.RSI- 68 ( Bullish )
6. MACD Bullish crossover
Disclaimer: I am not SEBI Registered ,This is just my own view.
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