ITC LTDMis à jour MAKE OR BREAK for ITC
ITC is holding up quite firm. Stock was in uptrend all the way till August.
However rally has been seeing exhaustion and stock is consolidating in a narrow range between 50 and 200 EMA.
Consolidation usually leads to big moves. Directions though are not specified.
50 EMA is strong support whereas 200 EMA is strong resistance.
Stock is respecting the trend line as of now. Wait out for a signal to initiate a buy or short sell.
NOTE:- Do your own analysis before taking any bets. This is my personal opinion.
However rally has been seeing exhaustion and stock is consolidating in a narrow range between 50 and 200 EMA.
Consolidation usually leads to big moves. Directions though are not specified.
50 EMA is strong support whereas 200 EMA is strong resistance.
Stock is respecting the trend line as of now. Wait out for a signal to initiate a buy or short sell.
NOTE:- Do your own analysis before taking any bets. This is my personal opinion.
Note
Broken trend line but sustaining the 50 EMA support. Also there was neither a big red candle on the break down neither high volume. Looks like a fake breakout. Neutral stance as of now. Waiting for clear signals.Transaction en cours
Short at 192Trade fermée: cible de profit atteinte
Covered at 170
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Publications connexes
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.