ITC at it's support of 194 if it breaks on closing basis then sell for target of 181.
And it takes support at 194 then buy for target 205.90 which also fill the down gap which need to be filled.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
#ITC is moving under ascending triangle and getting support over 100EMA since 3day. If stock will break level 201 then stock will move to resistance 206 but 206-210 is strong resistance. Once level 210 break then only stock will move upward.
Same downside if 100EMA break then then 189 is support.
Showing Bearish in all Technical Parameter:
CCI is trending...
ITC life Time Trend finish Wave 2nd. Now start for Wave 3, it for monthly chart. This Chart will Explain long Term invest entry and for Swing Trading also find out entry and exit point.
Now Wave 1 st form as leading diagonal ABCDE.
ITC has consecutively faced 2 rejections and now it has taken a support at the fibo level. ITC Dividend news has given it a boost up and the last candle has ended with a hammer. Expecting a bull run from ITC - My alltime trustworthy favourite stock.. Note: I have the right to be wrong.
A) 1, 3, 4, Reacts as a sign of Good up movement/ uptrend
( reverse of Rs.179.00 will be a good take off for the
breakout of Rs. 199.00 and the target will be around 220 for shorterm)
B)No. 2, 3a reacts as a continuous downtrend
(if the above fails the price will react at Rs.170 then it will expected
to go down or otherwise it will confirm the next...