ITC trying to approach resistance line again
ITC if closes above 457-460 range then it will targets 482 and LTH (498), monthly closing above 500 will open another run of 300 points at least means 800.
** This is not a trade advise, just making predictions on closing basis on timeframes mentioned.
** This is not a trade advise, just making predictions on closing basis on timeframes mentioned.
Note
if the stock crosses LTH then it will confirm the completion of correction phase in the form of ABC with low made around 400. So long term investment must be done when it seems to be giving monthly closing above 500.If this week it closes above 450 then there will be pattern of 3 white soldiers on weekly which will be another good sign + trendline breakout so closing above 457-460 is important number to watch for.
Note
Great going so far, crossed 453 today, closing above 460 this week is going to be very good sign to move towards 500.Trade fermée manuellement
The target of 800 be not correct, will post another analysis, closing this one.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.