Long Trade opportunity in ITC LTDThis scrip had been in Rangebound trend for past 6 months and this scrip had broke CPR resistance and now testing that resistance. So high risk trader can have long position in this trade now and have their Stop Loss just below Candle Low or resistance and have RRR of at least 2:1. Iam expecting a moderate bullish momentum in this scrip.
So do analyse on your own and take long position only if you are willing to take high risk as you are entering at a very early stage of breakout, if you are conservative then wait for the scrip to break the supply zone and then take your long position.
