Is ITC Ready for 300?
Rationale
1) Stock has given a breakout above 266 levels on Daily and Weekly charts with about 36% more than average 20D Volumes
2) 21EMA > 55EMA > 100 EMA > 200 and all these EMAs trending for last 1 month
3) CMP is around 35% above its 52 week low (which is 199) & trading near 52W high
4) RS trending upwards, showing strength
5) RSI placed at 71 levels, indicating strength in the uptrend
6) -ve call side change in OI at 260 & 265 strikes
1) Stock has given a breakout above 266 levels on Daily and Weekly charts with about 36% more than average 20D Volumes
2) 21EMA > 55EMA > 100 EMA > 200 and all these EMAs trending for last 1 month
3) CMP is around 35% above its 52 week low (which is 199) & trading near 52W high
4) RS trending upwards, showing strength
5) RSI placed at 71 levels, indicating strength in the uptrend
6) -ve call side change in OI at 260 & 265 strikes
Feragatname
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