Technical_analysis
LOOKS READY FOR A BIG MOVE!Stock gave a breakout over the levels of 820 and retraced itself back to those levels last week, after retesting those levels it again bounced back strongly and now looks ready to surpass the previously made highs. Not only that, when stock tanked down around 20% last week the volume can be seen as the lowest and vice a versa, which further confirms that stock is totally bullish. Chip in, keeping the levels mentioned on charts in mind. Targets will be updated once achieved.
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ITC | Triple Bottom Breakout | Detailed Analysis here !!🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =210.45 or CMP
--Target = 235 | 257
--Stop-loss = 196
--Lot Size = 3200
--R:R = 3.27
--Expected Profit = 1.50,000 ₹ per lot ( 22.43% )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) ITC has given the Big Breakout of Triple bottom pattern
2) Retracement is done with big rejection in downsides at support
3) Target is based on the height of the pattern
4) Volume is also good as well as fundamentals
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Analysis (2) 👇👇---------Trendline Breakout ----------👇👇
