ITC Ltd may form a Head and Shoulder. Though it has broken a neck line.
As ITC moves most of the times contrary to the trend so this is also a factor which is supporting my thought that ITC is yet to form a bottom. So be ready for a Bottom fishing.
Maruti formed H & S pattern in daily TF also retested the neckline (Blue), should touch 6160 level (Down move). In Weekly TF it is forming Inv H&S pattern, and should touch 12000 level by Dec 2021.
So for Short term it is giving Shorting Opportunities. But in Long term it is definitely ready for a long drive.
