ITC | Bullish consolidation
Updated
ITC has been on a bullish trajectory since the beginning of 2022 and is currently consolidating in a triangle. Price is continuously forming higher highs and higher lows and is trading above 50 and 200 DMA. Breakout above this congestion zone and sustenance at 395 will be an opportunity for the stock to steer to new highs.
Comment
Successfully broke out from consolidation and trading at 400 levels. Newer and higher targets can be seen if bullish momentum remains.
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