Trend and Candles on Yearly Chart Rising Trendline broke in 2015.
For both 2016 and 2017 while it rose but it stayed under the TL, thereby making it a second rung rise.
2017 - Inverted Hammer but White. That was the second major warning.
2018 - Inside Year. Possibly change of Hands.
2019 - Slight and Slow Nudge Down.
2020 - came the push..
160 can be an assessment point.
ITC
ITC - Deep Down trend seen - Target 157ITC Limited is always a positive trend stock and the consumer will increase on daily basis, since major people cannot avoid cigarette once they addicted to it.
I did deep dive analysis in ITC and noticed, deep fall in it as per technicals. It was one of challenging analysis in technical in recent times for me, since the analysis is opposite to what it is actually expected to happen in real world.
Target : 157.45
Target date : 20th Sep, 2020
Breakdown seen in descending triangle chart pattern.