ITC | TECHNICAL ANALYSIS | By - Shadow(the noob trader)

6 Mar 2022

We can plan for a long in ITC because of the following reasons:

1. TD trend line breakout
2. CMP above the 50 & 200 MA.
3. Breakout with volume above 20 MA.
4. Super trend upper band breakout(Indicates bullish sign)

If it breaks the major resistance(i.e 238) then we can see it trading around the 262 prices.

P.S - If you are planning to buy then you can keep stop loss around the break of trend line or major support.

Please comment with your thoughts on it.
Thank you ;)

6 Mar 2022

Not

Note: ZOOM chart for better view

11 Mar 2022

Not

I entered at a price of 221.9 and currently trading at 236.20, for a profit of +6.42%.

If breakout the 238 level we can see the 263 level.

14 Mar 2022

İşlem kapandı: hedefe ulaştı

14 Mar 2022

Not

The next Target is 260

16 Nis 2022

İşlem kapandı: hedefe ulaştı