ITC strong buying trend in day chart...with hight delivery percentage last 5 trading. so next target 314, 320,328.Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
NSE:ITC
Observations:
1) On 1day time frame, it has made morning start pattern.
Please refer below chart : 1day time frame.
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Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the...
NSE:ITC
Observations:
1) On 1hr time frame, we can see it gave breakout of triangle pattern.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see it gave closing above the critical level of 265
Please refer below chart : 1day time frame.
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Trade Setup for 09-05-2022
1) Don't Jump in...
NSE:ITC
Observations:
1) On 1hr time frame, we can see formation of triangle pattern.
I have drawn resistance channel and support channel.
Please refer below chart : 1hr time frame.
2) On 1 day time frame, we can see 265 will be crucial level.
Please refer below chart : 1day time frame.
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Trade Setup for...
![ITC: Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]](https://s3.tradingview.com/a/AMxfOv5c_mid.png "Simple Trade Setup | ITC | 16/05/2022 [INTRADAY]")
![ITC: Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]](https://s3.tradingview.com/c/ChLc0jl7_mid.png "Simple Trade Setup | ITC | 09-05-2022 [INTRADAY]")
![ITC: Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]](https://s3.tradingview.com/f/fqyhHc6L_mid.png "Simple Trade Setup | ITC | 04-05-2022 [INTRADAY]")
