sankatradesindia

ITC's resistance

Long
NSE:ITC   ITC LTD
ITC has faced resistance multiple times at the trend line indicated in the chart. It is ready to test the same trend line again. Will it break it finally?

Keep a watch. If broken decisively, there could be a very BIG move in the chart.

Please like and follow.

NSE:ITC

Comments

Failed to do so again?
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sankatradesindia shivampoharkar
@shivampoharkar, Let's see the closing. But it looks like it. Very strong resistance offered.
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shivampoharkar shivampoharkar
@sankatradesindia closing of 198.20 what's your opinion
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sankatradesindia shivampoharkar
@shivampoharkar, Definitely no breakout yet. Closing should have been around 200 for us to call it a breakout.

Personally, I like taking a trade if the breakout is either a decisive one or there is a confirmation candle on closing.

I wouldn't take a trade just yet.

PS: No recommendation. Just my thoughts.
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