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ShelendrAgrawal
Mar 17, 2022 3:03 PM

ITC Analysis !! Broke Out Long

ITC LTDNSE

Description

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📈 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.

Comment

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Enroute Targate Zone.

Comment

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Trail SL 240-242 Zone.

Trade closed: target reached

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Target of 260-264 is achieved.
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