Hi Friends,
ARE WE READY TO SEE VALUE UNLOCK IN ITC | CAN IT RECLAIM ITS GLORY DAYS ??
All levels are marked on the charts. COMMENTS WELCOME
There is a lot of learning and analysis that I would like to share with you through this chart. Kindly switch to Weekly Time Frame for the Broad View and then zoom in on the Daily timeframe for the detailed picture
As per my analysis ITC has been in the news for all the right and the wrong reasons, but we IGNORE NEWS as TA and only follow what the CHARTS speak
As far as ITC is concerned , I believe is it READY to breakout of its MULTI-YEAR Down Trendline.
For now all the signals are right
1. retest of the multi year trendline
2. Breakout failure
3. resting at critical resistance turned support zone
4. Completing of a accumulation phase of over 4-5 months between 200 and 235 levels
Few events or technical triggers needs to happen for us to be able to go LONG
1. Sustain above current levels
2. Breakout above the down trendline
3. Breakout above the last swing high
ARE WE READY TO SEE VALUE UNLOCK IN ITC | CAN IT RECLAIM ITS GLORY DAYS ??
All levels are marked on the charts. COMMENTS WELCOME
There is a lot of learning and analysis that I would like to share with you through this chart. Kindly switch to Weekly Time Frame for the Broad View and then zoom in on the Daily timeframe for the detailed picture
As per my analysis ITC has been in the news for all the right and the wrong reasons, but we IGNORE NEWS as TA and only follow what the CHARTS speak
As far as ITC is concerned , I believe is it READY to breakout of its MULTI-YEAR Down Trendline.
For now all the signals are right
1. retest of the multi year trendline
2. Breakout failure
3. resting at critical resistance turned support zone
4. Completing of a accumulation phase of over 4-5 months between 200 and 235 levels
Few events or technical triggers needs to happen for us to be able to go LONG
1. Sustain above current levels
2. Breakout above the down trendline
3. Breakout above the last swing high
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