I have marked most obvious and recent level for the script ITC Ltd.
Orange Lines - Monthly Lines
Blue Lines - Weekly Lines
Fluorescent Green Lines are - Daily line.
In the price bar on the right hand side you will the price in respective colour code
Monthly Weekly Daily
49.51 211.10 182. 40
73.95 220.79 190.47
87.41 239.79 197.57
102.46 253.28 214. 40
A good way to qauntify expectations following a price breakout is with the associated with the breakout. If price breaks through the level with large increase in , it imples that the new expections will rule.
Conversly,if the breakout is on moderate , it implies that very few investors expetations have changed and a return to the original expaectations is warranted.
There are also lot of other factors that also comes into play
This is not a trade setup chart. This chart is just to display level, ''price break through and relation.''
*****This Idea is Published for Educational Purposes Only*******