Kinnari_Prajapati
Long

ITC nice opportunity to trade.

ITC (NSE:ITC)  
NSE:ITC   ITC
With Circles, I have tried to introduce about excess. By the callout, mentioned real tails.

Excess always pushes to price in channel and Tails are confirmation of it.

Comment: ITC recovered from our entry level
Trade closed: target reached: this stock is going to achieve targets...
Good Analysis:-) But Why dont you think it is a breakout??? May I know what is the reason for that...
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Kinnari_Prajapati stockschandru
@stockschandru, it was not breakout but, its over react in price which come back to channel.
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stockschandru Kinnari_Prajapati
@Kinnari_Prajapati, Thank you for the clarification:-)
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Kinnari_Prajapati stockschandru
@stockschandru, breakout always has own characteristic, rising volume, gap, price spike, price rotation, unstable, etc and also smart come to breakout. Yeah here is also intiative move of it.
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Kinnari_Prajapati Kinnari_Prajapati
@Kinnari_Prajapati, See breakout example:
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stockschandru Kinnari_Prajapati
@Kinnari_Prajapati, Thank you so much for the clear explanation with chart:-)
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How do you analysis it.
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Kinnari_Prajapati AayushRaghuwanshi
@AayushRaghuwanshi, I follow some of theories to identify flow of buyers and sellers.
+3 Reply
AayushRaghuwanshi Kinnari_Prajapati
@Kinnari_Prajapati, yea it's a great analysis
+2 Reply
Kinnari_Prajapati AayushRaghuwanshi
@AayushRaghuwanshi, thank you
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