So as I said ITC will keep on going up next target tomorrow between. Rs. 199 ,,, Rs 203
Amitesh55667788
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@sardabowler, 12 rs in next 5 trading session...as u can observe directional move 15days 20 points
rkasi2010
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Mahes - Isnt this a descending triangle which has a higher possibility of a downward breakout?
Varthagam-Seivom
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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..
rkasi2010
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@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... :)