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afzal_57
Nov 17, 2019 6:50 AM

ITC: Still Weak from Lower TFs. Short

ITC LTDNSE

Description

Weekly is in a nominal uptrend. The last candle however, broke below the support of 253.



There's an Ascending Triange (orange) breakdown in Daily which coincides with the Monthly Support (blue). I had already caught a couple of short trades in ITC using the aggressive 75 mins (Ascending Triangle) .




So, with bearish momentum on our side from the Daily also, we will look to play intraday tomorrow if it shows a pullback in 15 mins.

Trade closed: target reached



Perfect move in intraday!

Trade closed: target reached

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