manavtechresearch

DOUBLE BOTTOM BREAKOUT ON THE CARDS FOR ITC

Long
NSE:ITC   ITC LTD
-stock recently broke out from its symmetrical triangle pattern
-it gave a bullish breakout
-what we are seeing now is a double bottom breakout possible
-the stock usually sees a double range as target if breakout possible
-base low is near 203
-base high is near 219
-double range target is 16*2=32 points
-one can enter long near 215-218
-stop below 203
-initial short-term target near 230-235
-long term target near 244-255
Trade closed: target reached:
BOOKED COMPLETELY @227
HAD ADDED MORE AT LOWER LEVELS
ONLY CHANNEL FOLLOWERS WERE ABLE TO ADD ON DIPS

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