mdparmar23

Possible break out

Long
NSE:ITC   ITC LTD
763 views
8
From low of 134.6 to high 209.4 taken 70 bar, From 209.4 retracement of 0.618% 163.35 taken 89 bar. From 163.35 to high 239.2 again taken 70 bar and retraced only 0.5% taken 24 bar up to 201.6 and started up move. Now if it taken out 239.2 in less then 24 day from low of 201.6 then it will confirm faster retracement and authenticate bullish BO that can go to level of 275-277 which was earlier breakdown level in very short term.

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