ITC forming Bullish Gartley, long at CMP to 200 level.
Other Significant Reasons:
1. The bill introduced related to tobacco has a very low probability of passing and even lower probability of efficient implementation so the impulsive selling due to the same may become redundant.
2. MACD showing convergence.
3. RSI in the oversold region.
4. 200 is a very important psychological level for ITC
In my opinion, ITC should be longed right now for unreal returns. Firstly, the 208-210 levels will be attained where some profit booking might occur, then all further targets will open up. Kindly follow this post and my account for further updates.
LONG ITC ASAP.
NOTE: Post only for education purposes.
Other Significant Reasons:
1. The bill introduced related to tobacco has a very low probability of passing and even lower probability of efficient implementation so the impulsive selling due to the same may become redundant.
2. MACD showing convergence.
3. RSI in the oversold region.
4. 200 is a very important psychological level for ITC
In my opinion, ITC should be longed right now for unreal returns. Firstly, the 208-210 levels will be attained where some profit booking might occur, then all further targets will open up. Kindly follow this post and my account for further updates.
LONG ITC ASAP.
NOTE: Post only for education purposes.
Trade active
Trade active:
All Targets achieved. Fundamentally, ITC is a strong company so holding for some more time.