IN MY PREVIOUS ITC WIT ANALYSIS, I MARKED DZ OF WEKLY TIME FRAME, . NOW, FOR BETTER UNDERSTANDING OF THE CONCEPT I GIVE 2 ENTRIES OF POSSIBILITIES.
[ENTRY AT 167--- CAN TAKE ENTRY AT 167, BUT THERE IS A POSSIBILITY FOR PRICE TO GO UPTO THE BOTTOM ZONE AND BOUNCE. CONS . LESSER REWARD TO RISK..
ENTRY AT 161. IF THE PRICE COMES HERE AND BOUNCES, THERE IS A HIGHER RISK TO RR. CONS IS THAT WE MAY MISS ENTRY.
LOGICAL CONCLUSION IS TO GO LONG AT 167 IN N1ST TRANCHE ANG 161 IN 2ND TRANCHE... I HOPE U ARE CLEAR WITH IT.
[ENTRY AT 167--- CAN TAKE ENTRY AT 167, BUT THERE IS A POSSIBILITY FOR PRICE TO GO UPTO THE BOTTOM ZONE AND BOUNCE. CONS . LESSER REWARD TO RISK..
ENTRY AT 161. IF THE PRICE COMES HERE AND BOUNCES, THERE IS A HIGHER RISK TO RR. CONS IS THAT WE MAY MISS ENTRY.
LOGICAL CONCLUSION IS TO GO LONG AT 167 IN N1ST TRANCHE ANG 161 IN 2ND TRANCHE... I HOPE U ARE CLEAR WITH IT.
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ITS FOR EDU PURPOSE ONLY