Wait for the results for trading on Monday
Updated
ITC as forecasted in my previous cup breakout analysis is in a historical price value area between 194 and 203.
Depending on how the results are vis-a-vis expectations of the market movers (MF, banks, investors); the breakout may happen in either direction or a side-ways movement.
For breakout up; wait for a close above 206
Fore breakout below; wait for a close below 190.
The value area is open for scalping.
Depending on how the results are vis-a-vis expectations of the market movers (MF, banks, investors); the breakout may happen in either direction or a side-ways movement.
For breakout up; wait for a close above 206
Fore breakout below; wait for a close below 190.
The value area is open for scalping.
Note
Looks like it will stay in range.Scalping trade active
Note
Notice how the stock's daily movement (in the previous range bound movement days) moves towards Support gradually for downward break and towards the resistance for upward breakout.
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