ITC is currently forming a falling wedge pattern once it breaks out it provides a fresh buying opurtunity
Heres the chart for NIFTY in 1 hour timeframe. Price is forming an ascending triangle pattern inside a falling channel. Discuss your thougths down below. Thanks for tuning in.
Hindustan petrol travelling upward with the trendline support. That said it also forms a channel pattern and when it breaks it may reach the upper resistance.
Refer the reliance chart posted above for more information
CHART SPEAKS FOR ITSELF
Chart speaks for itself
Overall a good positional structure!
GO LONG WITH DECENT STOPLOSS
LOOK FOR LONG DURING A RETEST
LOOK FOR LONG
LOOK FOR LONG!