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Is ITC Bullish?

ITC LTD (NSE:ITC)  
iReadChart  
NSE:ITC   ITC LTD
Trend Analysis Chart Patterns
2
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trendanalysis chartpattern
ITC has upward trend. But there is some doubt in downward trendline marked in red colour.
If it crosses this line upward then it will be going to touch 240 level. So look at this line.

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