ITC | Retracement done and looks good to bounce - RSI divergence showing up - 7%
CMP : 201
SL : 196
Target : 215
1:3 risk reward setup
Ideal to sell PUT option with hedge, but cash pick also safe as it has limited risk.
NSE:SASKEN Sasken is at the channel low, it may take support and move up...
Check your RR and take a trade accordingly.. SL for now would be swing low and we trail as we move forward..
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Note: This is my personal view so take trade after your own analysis. Thanks.
Classic definition of a bull market is the market having a structure representing higher lows and higher highs . But when the market breaches a significant swing low, it also breaks the bull market structure.
Why are Swing Lows important?
While most of the long to medium term smart bulls enter at swing lows, many swing traders and medium to long term investors...