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So as I said ITC will keep on going up next target tomorrow between. Rs. 199 ,,, Rs 203
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Amitesh55667788 sardabowler
@sardabowler, 12 rs in next 5 trading session...as u can observe directional move 15days 20 points
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Mahes - Isnt this a descending triangle which has a higher possibility of a downward breakout?
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@rkasi2010, It is not mandatory that descending triangle should breakout downward..Some time it happens vice versa and it depends upon the price movement.. in my analysis, it should breakout upward.... below is the some of the example in my previous analysis... Below Axis bank and Nifty i have posted..
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rkasi2010 Varthagam-Seivom
@Varthagam-Seivom, Thanks Mahes! I have seen this happen (vice-versa) but, have been struggling to understand when it goes the other way. Nevertheless, it is a great learning from you, as always... :)
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@rkasi2010, welcome.. thanks for your support
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Rsi is below 45.. so I will go upward only.. I am using RSI is only for additional confirmation...
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pankajjain19 Varthagam-Seivom
@Varthagam-Seivom, same hear but my sl long side 188.25 tgt 200-208
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