ITC Trading Idea || RR - !:5

A triangle pattern can be seen in the formation. Have picked a SL level which has been a resistance for a small channel formed inside the triangle. However, should there be a consolidation before the breakout, I may adjust the SL accordingly. Enter trade only when there is breakout WITH good volumes.

Buy above 206
T1 : 226
T2 : 253
T3 : 274
SL : 192.50

Thanks!


P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.