I had given an outbreak call on ITC based on a condition.
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157. Stop loss at 169.
2. If ITC bounces back from the support, we could see another move and possibly an other attempt to break 175. Buy at 168. Target 175. Stop loss at 166.
I've always said it. Sometimes the simplest analysis based on trendlines can give the best results. :)
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157. Stop loss at 169.
2. If ITC bounces back from the support, we could see another move and possibly an other attempt to break 175. Buy at 168. Target 175. Stop loss at 166.
I've always said it. Sometimes the simplest analysis based on trendlines can give the best results. :)
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。