Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
as today was result so be careful in this trade if find reversal or support from given PRZ levels then only long this stock. Learn Apply Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not...
ITC is trading at monthly 200EMA support along with Fibonacci support. From here downside is limited considering fundamental ratios. Not expecting much from results. However, there is a strong demand zone at 150-165. ITC can be a big bet for the year 2021.
CMP - 174.75
Short Term Target - 190
Mid Term Target - 220
ITC Forecasting , Positive RSI divergence
ITC is trading at its crucial support around 165 & Now RSI is also accelerating Positive divergence towards demand zone.
We can see first moves toward 180 if it successfully cross the 174.
If it fail to hold 165 then we can see next support at 157.
I hope you can now see how the ITC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...