ITC, Fibonacci levels and resistance.
CMP-200.7, Fibonacci level(.618)- 209.25
it is approaching its trend line(marked as green) through which it was taking support multiple times. next big resistant is poised at 200DEMA which is at 209 level. multiple time it has attempt to crossed but failed. tomorrow it will cross it or not totally depends on results.
downwards support is at 198 level which on earlier time was a resistance.
note- I am invested in this script. any suggestions are welcome. i am also learning through sharing.
it is approaching its trend line(marked as green) through which it was taking support multiple times. next big resistant is poised at 200DEMA which is at 209 level. multiple time it has attempt to crossed but failed. tomorrow it will cross it or not totally depends on results.
downwards support is at 198 level which on earlier time was a resistance.
note- I am invested in this script. any suggestions are welcome. i am also learning through sharing.
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