ITC stock is observations: ---->trending upwards, broken a strong resistance at 390 (zone previous strong resistance)). ------>the same zone if acts as support will expect further up move in ITC. As of now ITC trending, upwards can we expect a reversal from here or continue move towards up, we need to wait for further price action.
ITC all time favorite stock this time gain will come down very important support 200 and reverce
We have witnessed a remarkable move in the ITC from 200 levels to 265 levels 😍 in the past few months. Though in the last week, it has fallen about 12 %, that's a huge number 😲, ideally which an up-trending stock should not witness. Though it has good support around 230-232 levels, if held, then chances of moving upwards would still be there on the cards...
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 Short Term Analysis With Stop Loss AND Targets STOP LOSS- 190 TARGET - 222 TARGET - 251 TARGET - 279