ITC came out of the downword channel.
Friday closing would be imp. Keep watching. Can replicate the pattern exhibited in Cyan rectangle. If that happens then forming Double Bottom on this weekly chart.
Please work out levels as per your RR.
Very long term Channel, Again a co which as per me is investment class.
But one you observe that M marked on Weekly chart has TGT achived now almost 1.272 Fib extn of last leg of M -- which is harmonic pattern. Again I do not know if that is bat or crab or butterfly.
Keen observer may see similar M on daily just near...
If one looks at daily, clear exhaustion of momentum. Similar pattern one can see on weekly 2017-2018. Used harmonics ( I do not what one calls it , to me all looks same , BAT, Butterfly - have mirror wings) to a more comfortable collction range.
channel is LT so a stock like could be a looked as investment.
Levels are determined as chart is showing and tools...
Hi, although I have liquidated most of GNFc between 215-218 but thinking to get again between 204-207 levels if it comes. MA is marked. LT 1st TGT is 292 which is very far way, intermediate stop can be at 250-256 level.
GNFC has been in a long term downtrend and came out once it crossed 182-84 levels.
SL can be 2 Rs or as per risk calculation usually 1% of...
Drreddy rounded bottom formation with 2nd FLAG formed after today's rise.
Weekly shared for Positional/investment
Own analysis of the chart is must, money is yours, spend wisely, trade as per the your risk capacity.
Positional or Investment -- One can create entry tomorrow , keeping SL below yesterday dalily low
Trade- Once it gives closing above today's...