USING RETRECMENT THEORY
ITC HAS GOT RETRACED MANY TIMES FROM 0.50 LEVEL
LOOKING @ THE CURRENT MOMENTUM A BUY HERE CAN BE PLACED
FOR TARGET 215-220
REASONS
BREAKING OF ROUNDING PATTERN
CONSISTENT VOLUME SUPPORT
TRIANGLE FORMATION
TRADING SUGGETION
BUY ABOVE 206 CLOSING BASIS
CAN GIVE A UPMOVE OF 10-15 PTS TOWARDS
0.618 RETRACE LEVEL
***NOTE - FOR STUDY...
Keep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout.
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Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
