ITC nice opportunity to trade. Long

ITC LTDNSE

Description

⋅ May 9, 2019 7:00 AM

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

⋅ May 9, 2019 9:00 AM

ITC recovered from our entry level

Trade closed: target reached

⋅ May 13, 2019 4:46 AM

this stock is going to achieve targets...

Comments

stockschandru

⋅ May 10, 2019 1:57 AM

Good Analysis:-) But Why dont you think it is a breakout??? May I know what is the reason for that...

Trade-Technique

⋅ May 10, 2019 4:41 AM

@stockschandru, it was not breakout but, its over react in price which come back to channel.

stockschandru

⋅ May 10, 2019 5:13 AM

@Kinnari_Prajapati, Thank you for the clarification:-)

Trade-Technique

⋅ May 10, 2019 5:25 AM

@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.

Trade-Technique

⋅ May 10, 2019 5:45 AM

@Kinnari_Prajapati, See breakout example:

stockschandru

⋅ May 10, 2019 7:51 AM

@Kinnari_Prajapati, Thank you so much for the clear explanation with chart:-)

Aayush_Raghuwanshi

⋅ May 9, 2019 2:37 PM

How do you analysis it.

Trade-Technique

⋅ May 9, 2019 2:38 PM

@AayushRaghuwanshi, I follow some of theories to identify flow of buyers and sellers.

Aayush_Raghuwanshi

⋅ May 9, 2019 2:59 PM

@Kinnari_Prajapati, yea it's a great analysis

Trade-Technique

⋅ May 9, 2019 2:59 PM

@AayushRaghuwanshi, thank you