ITC is looking strongly bullish after breaking the neckline/ resistance of the triple bottom pattern.
Overall long term trend is bullish as the price is above 100 EMA.
It may rise to 20-30 pts and if it crosses 330 in the near future it will go much higher.
The MACD line crossed above signal line and moving upwards.
Beautiful trend line supporting the up move offers a good long entry into the stock. Decent Risk to Reward ratio at this level. The stock is reversing from the lower level so one can book the profit at target or continue with trailing stop loss for the higher level. Recent bar has made a bullish Harami pattern also giving a reason to long at this level. Good Luck
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