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varadtambolkar

ITDC Has moved into strong hands

Long
INDIA TOURISM DEV (NSE:ITDC)  
varadtambolkar  
NSE:ITDC   INDIA TOURISM DEV
Trend Analysis Beyond Technical Analysis Double Top or Bottom priceaction
4
0
trendanalysis beyondta doubletoporbottom priceaction
Clear double bottom visible.

Previous trend down, then sideways movement with huge volumes indicates accumulation by strong hands.

Narrow Range on daily time frame, just below double bottom neckline.

snapshot

Trendline support

snapshot

Any dips will 350 will be good for accumulation.

Stop loss will be 330 for short term traders & long term will be 280

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