Hi traders , One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect of this pattern price going down. This is bearish pattern so my next target id lower blue line in coming days. If this is not taken out on 2hr time frame then structure will change and price will move down further. On the contrary If price consolidate or not taken out then up trend will resume. As you are expected to break 209 seems to be tough with this structure . Rest market will decide. YOGESH VATS
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Hi One line is need to be corrected if 2hrs time frame, "not" is omitted here.
Thanks. What is the logic you drew blue support line there?
pab751
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@yvatsji Price is moving exactly like you said. Will keep a close eye on it and see if a reversal happens at 175. Thanks :)
sanjaykumarbharti
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thanks bhi
minibufett
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Dear Sir, Thank you for your analysis. I have been away as I am heloing my father in his business. Wanted to know why we are not able to see you anaysis on BN and NF as well?
Regards.
yvatsji
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@minibufett, See I replied in comment box traders who want my analysis on these they will have to raise issue of not updating current charts by default as popular stuff in bnf and nifty for last 4 day. yester dates charts are showing which is no use for trader. all my followers should write this in help tab by raising complaint ticket. But all are interested only in gain in terms of education or positions. where popular post of the days are being updated i am positing all. Why only my followers view my post why not others that is my vision. if writing complaint others can be benefited then one should write. If nos of traders will write then may be issue will be resolved.
bharatja9
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@yvatsji, Yes sir I will definitely write. Sorry sir was away. Will do it right now:)
ShreeGanesh_1991
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Its like to consolidate at 175-177 level and move up