ITC interesting chart patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
ITC trade ideas
ITCNEUTRAL TO SHORT :
ITC: Potential 3 drive pattern forming which indicates a downside in weekly TF. However, need to watch whether price will reverse from here or take the levels of 260 to 270 as support, before it immediately moves to 280 as its a defensive stock favored by investors during uncertain times
VIEW ON ITC LTD.DISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
#ITC #FLAG #EWITC: Ahead of results it is ready for flag BO. While index was giving up it held very well & was consolidating within the range. Oscillators are neutral. Harmonics & EW both indicating strength. Daily close above 267-268 will be a first indication of next strong move. Targets are 380 - 410.