IF YOU CAN MASTER THE PRICE ACTION YOUR ACCURACY WILL BE ALWAYS HIGHER THAN ANY INDICATOR,TIPS OR CALLS SERVICES
BECAUSE YOU CAN FORECAST YOUR VALID LEVELS OF ENTRY EXITS QUITE WELL BY YOURSELF
SO AS A RETAIL TRADER DONT GET TRAPPED BY ANY ONE WHO IS TRYING TO SNATCH YOUR HARD MONEY BY GIVING U SOME FOOL TIPS AND CALL
KEEP LEARNING MAKE YOUR BASE STRONG AND ENJOY...
Strong support 181.55 below, this price stock can slop up-to 174.30
If the price cross 186.35 to be in safe side stock can move up-to 192.70.
The stock moment is very slow.
In support line candle made a tail which shows price rejection.
A double curve has created and having a strong support level.
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.
ITC chart still looks in bearish mode..buying will not be a good idea. It will test the support levels at 159 & around 140-136.
Previously, it had bounced upside from 159 level on 12th May (1d chart) it will most probably test that level before going upside.
If it moves further down below 159 level then it will test support range of 140-135. Till then keep an...
Please follow these rules while taking a trade :
1. It should break the ongoing channel (Checked).
2. The volume of breaking candle should be high (Cheked).
3. There has to be a retest (Checked).
4. Make a position only after the retest's second candle (Checked).
Do let me know if you have any doubts related to the trade.
HI, THIS ITC CHART STUDY IS ONLY FOR EDUCATIONAL PURPOSE. ITC FORMING C&H PATTERN AND ALSO H&S PATTERN...LET'S SEE IS THERE BREAKOUT OR NOT... NO BUY SELL RECOMONDATION
ITC has bounced exponencially from its support 180. Some big players may be absorbing all selling pressure. Keep watch at this counter.Good to go long above 190
As ITC LTD. Chart showing some short covering and looks upside for next 5-7 trading days
ITC LTD. has taken good support @ 180 range
CMP @189.10
Upside View @ 206-210
Support or Stop range @180
5-7 Trading Days Expected.
{ALL MY VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
