ITC LTDLong
“Triangular” Formation Breakout
• On the weekly chart, the stock has
witnessed “Triangular” formation
breakout at 219 levels on a closing
basis along with rising volumes.
• On the weekly chart, this buying
momentum was observed from its
earlier breakout zone of 200 levels
• This buying momentum was observed
ITC Limited
Weekly Tech Picks 20 September, 2021
from 20-week SMA which reconfirms
bullish sentiments
• The daily and weekly strength indicator
RSI is in bullish mode along with
positive crossover which supports
rising strength
• The above analysis indicate an upside
of 238-255 levels
*Holding period is 3 to 4 weeks.
witnessed “Triangular” formation
breakout at 219 levels on a closing
basis along with rising volumes.
• On the weekly chart, this buying
momentum was observed from its
earlier breakout zone of 200 levels
• This buying momentum was observed
ITC Limited
Weekly Tech Picks 20 September, 2021
from 20-week SMA which reconfirms
bullish sentiments
• The daily and weekly strength indicator
RSI is in bullish mode along with
positive crossover which supports
rising strength
• The above analysis indicate an upside
of 238-255 levels
*Holding period is 3 to 4 weeks.
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