ITC LTD

ITC_Rectangle Box Pattern

139
A rectangle pattern breakout happens when the price breaks above the upper horizontal line of the rectangle, indicating a potential upward movement. Traders often consider this breakout as a signal to enter a long (buy) trade.
Breakout Strategy: Enter a trade when the price breaks above the upper line of the rectangle pattern. Place a stop loss below the lower line.

Retest Strategy: Enter after the breakout, wait for the price to retest the upper line (now acting as support), and then place a buy order. Set a stop loss below the retest level.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.