ITC has made a bullish flag like pattern. The Pattern is not exactly the text book definition.
Still the way it is holding up and making higher highs and higher lows at lower TF suggests buying pressure and consolidation.
It may give explosive up move in this month. keep on radar.
I am expecting move up till the recent highs of 210.
Post which it will go into consolidation and then will go onto higher targets from there if the levels are sustained.
Final target - 235 before another down move.
Still the way it is holding up and making higher highs and higher lows at lower TF suggests buying pressure and consolidation.
It may give explosive up move in this month. keep on radar.
I am expecting move up till the recent highs of 210.
Post which it will go into consolidation and then will go onto higher targets from there if the levels are sustained.
Final target - 235 before another down move.
Trade active
Trade active:
As expected. Explosive up move after the breakout
Trade closed: target reached
