ITC has been moving in a Rising Parallel Channel from March 2020 and it has been respecting the trendlines perfectly.
From making a high of 239 it has found support at 196-199 levels and has reversed from there. Now the support zone and the Bottom of the Parallel Channel are coming together and if this support holds could see a decent up move.
The volumes are also well below the average for the past month. Buy at near support on a Bullish candle for following Targets.
T1-218.60
T2-234
T3-260
From making a high of 239 it has found support at 196-199 levels and has reversed from there. Now the support zone and the Bottom of the Parallel Channel are coming together and if this support holds could see a decent up move.
The volumes are also well below the average for the past month. Buy at near support on a Bullish candle for following Targets.
T1-218.60
T2-234
T3-260