ITC LTDLong
ITC swing idea (Long)
ITC stock has formed a double bottom pattern on day chart & ascending triangle on weekly chart.
-->The stock has not retested it previous support zone of 200 and have sustained above the support zone consistently .
-->ITC moves slower, one should buy for a higher time frame (2-4months) with double bottom as your stop loss.
-->If break out happens a very significant rally can be seen on upside.
-->The stock has not retested it previous support zone of 200 and have sustained above the support zone consistently .
-->ITC moves slower, one should buy for a higher time frame (2-4months) with double bottom as your stop loss.
-->If break out happens a very significant rally can be seen on upside.
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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.