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 .
Trend was reversed from downtrend to Uptrend as weekly chart was formed Higher Highs and Lower Lows refer the screen shot:
1. CPR Breakout
2. Price Action - Triangle Breakout
Buy above - 212
Target - 238.00
SL - 205.55 ( Closes Below in Daily Time frame)
Disclaimer: Kindly do your own analysis before executing the trade or
contact your financial advisor.