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ITC resistance/breakout from trendline
ITC LTD
ITC resistance/breakout from trendline
By MaheshWG
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Updated
Jun 20, 2022
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Mar 23, 2022
ITC
is most likely to face resistance from trendline around 255 -256
If it is broken then it might go on to make new life time highs continuously.
Note : The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
Mar 29, 2022
Note
Trendline got tested today at 257.
Let's wait and see how things unfold.
Apr 5, 2022
Note
Breakout of trendline is achieved.
I guess from here on it will keep making new highs.
Apr 26, 2022
Note
Stop loss - 247
Apr 29, 2022
Note
stop loss - 249
May 16, 2022
Note
Momentum is gone and it is showing signs of reversal or fall.
Stop loss - 253
May 17, 2022
Note
The same day as I posted the last update. It made low of 253. Lol.
If you have not exited, same stop loss.
Jun 8, 2022
Note
Stop loss - 263
Jun 20, 2022
Trade closed: stop reached
Support and Resistance
Trend Lines
MaheshWG
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