ITC Looking Bullish nothing exciting though..
Not too exciting just because i don't see a good profit zone and better looking charts out there.
though on the lower time frame 2hr the confluence of the trilogy of 50/99/200 day has happened to form a golden cross.
Nearing resistance at present i expect it to retest 178 ish area so our order may get stopped out if it does reach there hence the loose stop loss.
Looking bullish for a while , expecting it to pull back to possibly 152ish if it gets rejected from 241 resistance zone .
Flipping 241 zone into support would be really bullish with the long term downtrend line should be broken .
last line of defense 302 for the bears .After which it could make new highs .
though on the lower time frame 2hr the confluence of the trilogy of 50/99/200 day has happened to form a golden cross.
Nearing resistance at present i expect it to retest 178 ish area so our order may get stopped out if it does reach there hence the loose stop loss.
Looking bullish for a while , expecting it to pull back to possibly 152ish if it gets rejected from 241 resistance zone .
Flipping 241 zone into support would be really bullish with the long term downtrend line should be broken .
last line of defense 302 for the bears .After which it could make new highs .
Commentaire:
lets tag 206 and come back a little ..