ITC Triangle Breakout - Long
Hi Guys,
Please find our analysis for ITC Ltd!!!
Script has strong resistance at 220 and Trendline will act as the resistance too.
Now the script has braked out the triangle pattern.
Trend was reversed from downtrend to Uptrend as weekly chart was formed Higher Highs and Lower Lows refer the screen shot:
https://www.tradingview.com/x/5E3cPDsf/
Confluence Zone:
1. CPR Bullish Breakout
2. Price Action - Triangle Breakout
Buy above - 212
Target - 238.00
SL - 205.55 ( Closes Below in Daily Time frame)
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade or
contact your financial advisor.
Please find our analysis for ITC Ltd!!!
Script has strong resistance at 220 and Trendline will act as the resistance too.
Now the script has braked out the triangle pattern.
Trend was reversed from downtrend to Uptrend as weekly chart was formed Higher Highs and Lower Lows refer the screen shot:
https://www.tradingview.com/x/5E3cPDsf/
Confluence Zone:
1. CPR Bullish Breakout
2. Price Action - Triangle Breakout
Buy above - 212
Target - 238.00
SL - 205.55 ( Closes Below in Daily Time frame)
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade or
contact your financial advisor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.