ITC LTDLong
ITC
5th wave running. Stock is in strong bullish mode targeting 322. Bears holding onto 320 Call with highest OI. There is a negative divergence in view but it is yet to trigger. In strong trending chart divergences may result in consolidation or minor correction. Last candle has been quite bullish. It seems that price is heading for 360-- previous swing top. From this level price corrected sharply due to heavy cess levied on tobacco and remained sluggish for last 14 months. 360 may take some time.
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