ITC
NIFTY
Major stock DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.
ITC Aalways had been a favourite stock for investors and in this Idea i trided to analyse its probably bullish movement, although i have marked important Bearish level too.
Currently ITC is being trading in an important levels which might lead to the continuation of its existing Up trend.
ITC might be in a process of making a probable ascending triangle breakout in the coming days will be necessary to support this pattern and this Idea.
Important conditions have already been mentioned in the chart itself.
We might se profit booking in the higher levels so be cautious.
If till the year end we see ITC being trade in the higher levels then we might see either consolidation or reversal in the next year.But this is just an observation and in any sense it should not be considered as Investment recommendation or advice.
I took due care while analysing the chart but all my analysis is based on probable calculation and can be proved wrong at any point of time.
The purpose of this Analysis is to provide you an edge to your existing experience, knowledge and trading strategy, so club these levels with your own set of skills regarding market and you will definitely find these levels of immense use.
All these analysis took lots of time and effort so if you like this idea then do support it and I will be updating throughout the year so don't forget to subscribe.
Comment:
ITC took the support that is needed to resume its bull trend again. Does anyone tried to bag this stock.Please share your views on comments.
Comment:
Immediate support area 445.25 to 444.05, Buyers activity area.
Comment:
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