ITC is going to rise

31 May 2021

ITC

*Trade Setup*

T1 - 230
T2 - 240
SL - 205

ITC has been trading in a range for a really long time.
200 remains to be a very strong support region and it has taken support over 5 times.
It has formed a triangle pattern so it has the potential to get out of that range and move higher.
Triangle pattern with 3 resistance is a good setup with high probability.

*Trade Confirmations*

- It has been trading in a consolidated range for a long time.
- Descending triangle pattern with 3 resistance is good.
- Volume is higher and it has crossed the average volume.
- Triangles are a really good patterns with high probability.
- Fundamentally good company.

Thank you for patiently viewing my ideas/analysis.
I appreciate it!

Let me know in the comments if you have any doubts or feedbacks

18 Haz 2021

Not

Unfortunately stop loss was reached. But its ITC so just hold it.