Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
ITC futures have turned 203 levels into a very strong support zone. We have heard about double and triple bottom which are strong bullish patterns but look at this, the candles taking support for 4 times and this makes me wonder how much strength has ITC Futures gathered now?
Can buy (lot is 3700 shares so please calculate risk) at CMP which is around 209.75 with...
The movement RSI above 60 + price above 202.25 and hold level for minimum 15-20 minutes a good buying expected * only this scenario for buying✓. If open with big gap and gap down * not trade×.
Disclaimer:- your capital at risk. Consult with your financial advisor before do any action and trade with own analysis and research.