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...
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...
VSA concept in play
Volume rising
RS rising
Getting back to support zone or will it revert from the levels is wait and watch.
Accumulation can be done if one has strong conviction fundamentally for upside and revenue growth.
FOR Educational purpose only.
ITC is in a long term Accumulation zone of pricing from 180 - 142 levels, However one should consult their financial advisor before making any decision to buy or sell equities
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.
