Positional_ ITC

1. ITC can breakout from current range.
2. Higher Lows indicating a buying pressure.
3. Shrinking "price-range" is indication of momentum.
4. We can expect two targets of 226 and 237.
5. Upcoming result looks matter of caution.
6. SL and Entry will be decided afterwards.

Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
Comment: Decided the entry price today but it is giving dividend of ₹ 5.75 on 10 Jun, which is greater that my decided SL of Rs 4.25, hence skipped the entry for now.
Comment: New levels marked on the chart.
Order cancelled: Stock making Lower Highs and Lower Lows, that's a bearish trend. Apologies.

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