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May 24, 2021 1:28 PM

VSABO Long

ITC FUTURESNSE

Description

#ITC after making a #VSABreakOut on daily charts above 208 did the BO retest and showing signs of resumption of uptrend. Volumes are extraordinarily high. Stock is ready to test 222/233.85.

Technically stock trading above all major long term averages. RSIStairs above 55 indicating momentum in bulls favor. Call writers doing unwinding on 200 strike and shifting to 220 indicating immediate upmove to 220 is possible by expiry.
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