ITC | TECHNICAL ANALYSIS | By - Shadow(the noob trader)

We can plan for a long in ITC because of the following reasons:

1. TD trend line breakout
2. CMP above the 50 & 200 MA.
3. Breakout with volume above 20 MA.
4. Super trend upper band breakout(Indicates bullish sign)

If it breaks the major resistance(i.e 238) then we can see it trading around the 262 prices.

P.S - If you are planning to buy then you can keep stop loss around the break of trend line or major support.

Please comment with your thoughts on it.
Thank you ;)

Comment:

Note: ZOOM chart for better view

Comment:

I entered at a price of 221.9 and currently trading at 236.20, for a profit of +6.42%.

If breakout the 238 level we can see the 263 level.

Trade closed: target reached

Comment:

The next Target is 260

Trade closed: target reached