ITC
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 07/04/2020Key Levels for NIFTY 50 are :
Upper Breakout~8145
First Target~8253
Interim Resistance~8352
Final Resistance~8471
**Lower Levels**
Lower Breakout~8015
First Target~7913
Interim Support~7854
Final Support~7772
Please trade with caution and consult your financial adviser before trading.
This is simply to draw your attention, ITC.This is simply to draw your attention , ITC.
Low - 134.85
CMP - 151
CMP - Low = + 16.15
Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup:
Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low.
The final target for a long run level 220 above, and easy target at 178 .
Technically, We will get a price of this stock again 135 nearby shortly to attract the eye for investors.
Target is still easy on ITC. Buyers attraction has been seen.There is still no change;
This is simply to draw your attention , ITC .
Low - 134.85
CMP - 151
CMP - Low = + 16.15
Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup:
Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low.
The final target for a long run level 220 above, and easy target at 178.
Technically , We will get a price of this stock again 135 nearby shortly to attract the eye for investors.
Posted when the price was 150
ITCIn daily time frame ITC has made a Bearish Island Reversal. Even though the impact of this set up usually works after an uptrend, we cannot ignore the repercussion in the current scenario. Until it does not negate the bearish pattern AT 165 upside looks difficult. Above that a short term move till 200 where it has a massive monthly and weekly resistance. Downside levels per monthly chart time frame are 120 and if that fails to sustain the next major one is near 65.















