The stock has formed rectangle nicely with alternative touches. It has given breakout the upper line which got retested. It seems a good setup to trade the stock with small stop loss and reasonable good Risk to reward ration. One can trade the stock
Risk/Reward Ratio 3.80
Disclaimer : All ideas are my personnel view. Please take...
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ITC has formed 2 demand zones, one over another. thasts the reason for type 3 entry. for type 3 long entry waith for pric to enter the zone and bounc back., while the price laving the zone take the long entry. if the price is not bouncing and pierces thru the zone, dont take entry. its for edu purpose only
Please Read the Disclaimer below before taking any trade.
Volume Profile Driven Demand and Supply Analysis- ACC-Long
Entry @ 1145
Stop Loss @ 1134.85
Target @ 1165.3
Take care of your Risk Management, for example you are taking risk of say 200 INR, then your quantity of trade is calculated as risk(200)/difference of entry(1145) and Stop loss(1134.85).