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ITC

ITC Bullish FlagITC has made a bullish flag like pattern. The Pattern is not exactly the text book definition. Still the way it is holding up and making higher highs and higher lows at lower TF suggests buying pressure and consolidation. It may give explosive up move in this month. keep on radar. I am expecting move up till the recent highs of 210. Post which it will go into consolidation and then will go onto higher targets from there if the levels are sustained. Final target - 235 before another down move.
NSE:ITCLong
by shaleenbansal
ITC - Trending back towards upper end of the channelNSE:ITC Currently trading at 198. Stock has moved up well and in heading towards the upper channel. It has also broken the resistance line and has given a break out. The immediate pivot is near 210 levels. Sustaining above 210-212 would move ITC in to a long term bullish phase and the stock can start its rally towards making new highs. I would recommend investors to take long term positions in ITC above these levels and also watch out for volumes to get better clarity. A weekly close above 210 would be a better bet to enter for long term.
NSE:ITCLong
by Mayur-TradingOwl
ITCNote: • Avoid the stock if a big gap down is seen • Enter after breakout happens and not before it • Do not chase the market, i.e. do not get involved late entries • Only enter with stritct stop-loss and target • This is not a recommendation and is for education purpose only • Always follow risk-reward and quantity management for the 100% of the times • The above mentioned idea may not work so beware of the risk you are taking Follow me to Learn and Earn with Me. Happy Trading!
NSE:ITC
by TARASE69