ParamjitMahapatro

itc looks bullish in short term

Long
NSE:ITC   ITC LTD
In weekly, price at horizontal support as well as trend line support.

Also regular bullish divergence seen in daily
sl - 256 tgt1 - 290 tgt2 - 318
Trade active:
hovering around the support level.
Trade active:
regular bullish divergence seen in daily,

Comment:
price showing strength after RBD formation, big candle formed, then price closed above upper BB and BB is slowly expanding
Trade active:
cmp - 274.55, see how trend reversal happened after the formation of regular bullish divergence, now price is pushing upper BB upwards, sign of bullishness,

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