From a weekly timeframe, ITC has been making higher highs from Mar-2020 after the long downtrend from 2018.
And now has broken trend-line resistance levels with good volumes.
Although the close is just above the trendline, looks like a power move breaking the trendline and in this context, this could move up.
Target levels marked on the previous S/R levels. Target 3 is the major target I am looking for based on the previous major swing highs, but will need to review price action on the Target level 1 & 2 to decide when to exit. Target 3 is a good Risk/Reward of 1: 3.7
And now has broken trend-line resistance levels with good volumes.
Although the close is just above the trendline, looks like a power move breaking the trendline and in this context, this could move up.
Target levels marked on the previous S/R levels. Target 3 is the major target I am looking for based on the previous major swing highs, but will need to review price action on the Target level 1 & 2 to decide when to exit. Target 3 is a good Risk/Reward of 1: 3.7
Not
Stopped out
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.