POSITIONAL LONG IN ITC VIEW -STRONG REVERSAL FROM MAJOR SUPPORT LEVEL -RSI REVERSAL FROM OVERBROUGHT ZONE -POSITIVE MOMENTUM IN STOCK TRADE VIEW DEC FUT BUY@242 STOP@236 TARGET 1@248 TARGET 2@253 LOT:2400
IF LOWEST TREND LINE IS BROKEN ON CLOSING BASIS TARGET IS 222.45
Dear Traders, ITC is in retracement phase It has Strong supply @ 271, A strong close above 271 with huge volume would resume the uptrend, until it will be in a sideways to downtrend, Its for short term view. Thanks Dpak Please Like Comment & Share for more people would get rewarded.
ITC is near it's 52 week low of 263.60, company growth is looking bullish if it takes support from demand zone
ITC could spike down 250 and come up to make a big up move If it moves for a quick down below 250 or around, a good long setup till 300