It has been following a downtrend with a trendline, and now it is in a very crucial position as it is currently in a no trading zone. It has taken support from that zone. The top and bottom if the no trade zone box is the execution point. If it gives a breakout from there, take a trade.
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....