Keep a close track of NATIONALUM because it's close to breaking out. For the past year, the stock has been moving within a supply demand range, forming a rectangle pattern.
By Looking at chart, you can see that it has repeatedly reached resistance and then returned to its support level.
Today, it has once again reached that resistance level, and it seems likely...
I had given an outbreak call on ITC based on a condition.
Condition being, if it breaks above 175, we could see a big move.
Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support.
There can be two trades here.
1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157....
as we can see that usdchf is on nice uptrand i miss the move from bottom but now i am looking new formed support area and a nice pullback move that coming down
