TradingView
sankatradesindia
Dec 4, 2020 3:59 AM
ITC's resistance
Long
NSE:ITC
60
ITC LTD
NSE
Description
⋅
Dec 4, 2020 3:59 AM
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
Trend Analysis
Chart Patterns
Technical Indicators
ITC
Comments
shivampoharkar
⋅
Dec 4, 2020 4:31 AM
Failed to do so again?
sankatradesindia
⋅
Dec 4, 2020 7:33 AM
@shivampoharkar
, Let's see the closing. But it looks like it. Very strong resistance offered.
shivampoharkar
⋅
Dec 4, 2020 10:13 AM
@sankatradesindia
closing of 198.20 what's your opinion
sankatradesindia
⋅
Dec 4, 2020 11:43 AM
@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.
More