ITC is consolidating and stuck between a range from around 200 to 220. A good support and resistance levels for swing traders.
BB - indicator is showing clearly the change in the trend, but it will consolidate for few more days(may be a week or more).
MACD - Sell off pattern is also changing and hoping a reversal soon.
All of above pattern shows that the stock is getting ready for long, but it will take some time.
A long entry is fine as long as the stock is ranging between 200-205, TGT - 217-220, SL- 196
All of above mention details are for self learning and education purpose only, please DYOR before making any decision to invest into the stock.
BB - indicator is showing clearly the change in the trend, but it will consolidate for few more days(may be a week or more).
MACD - Sell off pattern is also changing and hoping a reversal soon.
All of above pattern shows that the stock is getting ready for long, but it will take some time.
A long entry is fine as long as the stock is ranging between 200-205, TGT - 217-220, SL- 196
All of above mention details are for self learning and education purpose only, please DYOR before making any decision to invest into the stock.
Trade closed: target reached
Did not expect it will reach that quickly though.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.