UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE
POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER
POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN
POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE
POINT (A),IS THE LOW POINT OF THE RANGE...
ITC trading at 167 and trying to hold the low of
24 Sep 20 (166.15)
In previous day session it has formed a doji near
this level. Plz dont pre-empt of reversal and start buying it.
Wait for a bullish candle (with good vol) like I've shown in chart.
And, when high of this green candle breaks we can go long.
Conversaly if breaks 166, 157 is the next target
While all the fundementals news of the oil industry are been Bullish for the OIL PRICE,
we are having that Bullish continuation pattern,
the Cup and Handle Pattern,
Let's wait for the opening market price to confirm the theory,
wish you all the luck and most profits,