ITC - It seems trend is about to change
Updated
ITC is consolidating and stuck between a range from around 200 to 220. A good support and resistance levels for swing traders.
BB - indicator is showing clearly the change in the trend, but it will consolidate for few more days(may be a week or more).
MACD - Sell off pattern is also changing and hoping a reversal soon.
All of above pattern shows that the stock is getting ready for long, but it will take some time.
A long entry is fine as long as the stock is ranging between 200-205, TGT - 217-220, SL- 196
All of above mention details are for self learning and education purpose only, please DYOR before making any decision to invest into the stock.
BB - indicator is showing clearly the change in the trend, but it will consolidate for few more days(may be a week or more).
MACD - Sell off pattern is also changing and hoping a reversal soon.
All of above pattern shows that the stock is getting ready for long, but it will take some time.
A long entry is fine as long as the stock is ranging between 200-205, TGT - 217-220, SL- 196
All of above mention details are for self learning and education purpose only, please DYOR before making any decision to invest into the stock.
Trade closed: target reached
Did not expect it will reach that quickly though.
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