ITC is on BO an can go up . Pure Price Action
this a pure price action analysis of ITC for long positional trade it can give an upward rally as per price action analysis.. and it is at its 2nd BO levels from here can be a good entry planned for short term positional trade.
be you can see there was a accumulation phase down there ,here it comes to its previous support levels and now it has given a clear breakout .. and pullback too
be you can see there was a accumulation phase down there ,here it comes to its previous support levels and now it has given a clear breakout .. and pullback too
Note
one should also look for moving averages to be broken with significant strength [volume] and for being more safer side of the trade also look for last pivot to be broken [i.e. at 215 levels]
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.