ITC – Testing Long-Term Resistance, Breakout in Focus

17 oct.

ITC Limited – Trendline Breakout Setup

ITC has been trading under a long-term descending trendline, facing multiple rejections since early 2025. Recently, the price formed a strong support zone around ₹395, followed by a potential breakout attempt from the trendline.

Key Observations:

Multiple rejections confirm the validity of the descending trendline.

A fakeout occurred earlier, but this time price is showing strength near support.

If the breakout sustains above ₹415–₹420 zone, we may see a move toward ₹450–₹465.

Support to watch: ₹395

Trade Plan (Bullish):

Entry: Current Market Price

Stop Loss: Below ₹395

Target 1: ₹445

Target 2: ₹465

Target 3: ₹480

23 oct.

Transaction en cours