vanathi

Trader's Queries - ITC

ITC (NSE:ITC)  
NSE:ITC   ITC
343 5 17
ITC             is taking support at 270 - 275 levels and going to break the downward trendline . All the gaps will be filled eventually. So our entry is at 296 with the stoploss of 292. Targets are 304, 310 amd             318. Swing trade.
Comment: Renko chart says support is valid.
snapshot
Expected time for 310 target..?
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Hi
Just want to know in fig. 1 at top, is it a descending triangle ?
Reply
vanathi TOP hotpot64
@hotpot64, Support plus downward trendline looks like a descending triangle. If price break the support, then it acts as a descending triangle.
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Think ITC is Best Buy for long term in this price.
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@kamuthi, For long term it looks good.
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