As ITC has been trading in down trend and trading in lower low fashion, it closed at 23% fibo level, It seems it may see upside movement up to 50% fibo level and from this level we may see further down trend up the long term support somewhere between 212-210. trader may enter long if tomorrow open in green with target of 240-243.
Price rejected at the upper parallel of the blue fork, which is a bearish sign. The Magenta Fork is a "Reverse Medianline". It has a lot of touches, strengthening its validity. I would look for the next buying opportunity, if at all, at the lower parallel of the Magenta fork or at the medianline of the blue fork. If not, price at least has to reverse the...
ITC Formed Bullish Shark Harmonic Pattern. Entered Long at 237.5. SL of 230. Target 1 - 252 (61.8% retracement of leg CD) Target 2 - 273 (1.272% retracement of leg CD) Sl -230 - Point X
ITC is showing very good strength at around 238 levels . A perfect buy at 238 for a target of 254 in few weeks.
ITC at most important level if stock here if cross 244.2 then stocks will hit 250-255 if now able to cross 244.2 then stock will down till 230-220-210
itc in over sold region.volume is less.may be reversal of trend
ITC did a correction with the marked in green ABC. Then it had made a 5 wave move up and a zig zag correction marked in blue. We can expect wave 3 to end at a 138% or 161.8 % projection of wave1, which is 300/- or 320/-.
Long near 244-243 with a stop below 241 offers good RR for a bounce in this counter.
Unless X@273. 30 is violated- I am taking this as a possible cypher pattern. Risk/Reward could be big - I am taking about 175-180 zone with 3-5 bucks as strict stoploss slightly above 273.30- which will violate X-Wave & Cypher goes into bin. Regards, Abhishek H. Singh, CMT
With Bearish Cypher with PRZ delimiter at 276 ITC showing weakness in weekly charts. confirmation below 248 Target 232/212 SL 266 short only below 248 its gonna be a big trade as its weekly Tf pattern
I really don't know what to write in description, everything is in chart itself. I'm really bored with Fx markets, thats why posting equities :) (i) Enter after valid confirmation only (ii) Use tight stops, if we are wrong on direction, Tight stops help you to cut down loss (iii) Check your risk & trade plan once before entering the trade If any specific doubt...
ITC is near the Channel Top and we can see Resistance at this Level