itc is on weekly time frame demand zone also on weeklytime frame trendline RSI is not breaking 50 range support and same level taken multiple support on both trendilne RSI seems it will take support from here ITS good time to enter for long term long at the breakout or high volume daily candle at support zone 2015-217 level
ITC tumbled down from 262 levels to 222 levels. It created support around 222 levels, tested it many times, and started rallying again. Structure on the shorter timeframe is of higher highs and higher lows. Today it rallied to around 245 levels, but couldn't sustain and closed around 239 levels. Immediate support for the stock is around 237-238 levels, if it...
A symmetrical triangle formed accumlate in between 200 to 225 in SIP mode for the Targets of 375+ And make a sl of 198.
In today's session, ITC broke the trendline, it had been resisting for the past 20 trading sessions. Now if it sustains 232 levels in the short-term, it probably giving clues of renewing its long-term trend . Immediate resistance 237-238 Further resistance at 244 Support 230
This analysis is based on purely technical perspective with a Bullish bias primarily based on Fibonacci levels and support/resistance model. ITC has been grinding up slowly on Daily since the low of 134.6 from last year and is currently forming a Bullish Ascending Triangle as shown in the chart. Also the price has tested the broken support zone twice and...
#ITC #Weeklychart Chances of hitting upper trendline after triangle breakout. Possible targets after breakout 220,240,250,275++ then expecting a correction.
ITC all time favourites of retailers. In weekly chart another break out scenario and heavy volume in last candle and RSI above 60. I'm already bullish on ITC when it's breaked 195 level.
ITC Forecasting for Positional Trade (Trade Duration-7 Days to 20 Days ) (Daily time frame chart used) If you want to make good returns with less risk then you can enter around 186-190 with stoploss 180 for the Target of 200/208/238 why you should ? 1.Positive RSI divergence (you can refer my previous post of ITC ) 2.Change in polarity with Good Volume 3.Trend...
ITC looks like change their trend. RSI already given trend line break out. Price chart given trend line to break out. Key level is 195.55, above this level boom. Good to long time.