ITDC 27 Nov 2022 We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation. In Play : HH-HL
Summary • Sharp rise in Price • Price rise supported by volume • POC 404 • Resistance 466 (Pre SH) • ATH at 747 Conclusion • CMP - 404.55 • Test qty can be initiated on break of TL • Add to the position on RT-TL • Higher Targets could be around o Short/Mid Term - 546-659 o Long Term – 1137-1693-2821(we will watch for supportive price action to confirm higher targets)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
@jioshub, logical stop goes below BO candle, if money management allows, if not waiting for RT of TL is the ideal point to enter and put stop below it....we cant take random trades with random stops...hope this helps...regards