ITC Analysis !! Broke Out

Updated
📈 ITC Ltd. 📉

This broke out from a Resistance Zone of 234-240 after testing 3 times. ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.

On Buy Side I am looking for Targets of 260-264.

StopLoss should be kept below 230-232zone.
It offers 1:3 Risk To Reward.

ITC on a larger chart forming a triangle pattern which won’t be visible in this chart but I can share on demand.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Note
Enroute Targate Zone.
snapshot
Note
Trail SL 240-242 Zone.
Trade closed: target reached
Target of 260-264 is achieved.
ITCitcanalysisitcbullishitcbuyitc-chartitcindiaitclimiteditclongitctradeSupply and DemandSupport and ResistanceTrend Analysis

Follow me for live IntraDay Chart Analysis on Twitter.

twitter.com/ShelendrAgrawal
Also on:

Related publications

Disclaimer