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
Commentaire:
Stopped out