Stock trying to break the major resistance with high volume , if it breaks the 100-101 resistance level we can wait for some lil bit or correction or can enter for short term gains , it will go up to the range of 150 & more . Simple price action .
Itc came upto its strong support zone can be reversed from here as its forming ascending triangle , can be brought after it breaks the triangle at price between 204-205 for the target of 210-15 in 5-8 days . 209 can be resistance after that it will play as support .
Hi guys its a very good pattern and its in uptrend with double top pattern :And don't forget to like and follow : Have a good trade
after the great consolidation of itc i think we can see a large move either to up or down side
ITC can show bullishness if it breaks the trendline with good volume. (for educational purpose only)
There is also a Inverted Head and Shoulder and Ascending Triangle pattern (already Completed) in this chart... makes it messy if plotted all.
Tested crucial level. Be part of this investor dividend stock 📍 After crossover of MA 20 & MA200 upside breakout is expected. 📍 Reversal from bottom chord of rising channel 📍 Descending triangle formation Will take a good move from here. Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking...
ITC Chart Analysis 4 Hour - Pink Daily - Orange Weekly - Blue
ITC is on support level. can buy ITC for breakout on weekly time frame
You can enter once the resistance is broken and hold it for the same height of the triangle pattern target. FYI : I am invested at current levels of 200.
ITC is showing bearishness in weekly chart and may retest 164 to 155 level. If ITC cross above 239 and sustain only then it will show upside movement.
Buy Zone: 201-203 Target: 218 (8% approx) Stop loss: 196.90 preferred Target 2 shall be achieved if volume comes give but looking at seasonal change, Bears may overpower
This is a monthly chart ananlysis I have various confirmations to short ITC... 1 . previous support may act as resistance 2. it is at 50% fibonacci line where it has given a long wick..showing more selling pressure 3. the move ending at 50% fib level is of same length of previous move ..... . Lets see what happens this is just a view....
ITC: At Support Another buying opportunity for 8% or this time it is different?
Price has been in a narrow triangle range. With small SL can initiate positional longs
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 8-10 times.