Clear Down is Vissible upto 179A) 1, 3, 4, Reacts as a sign of Good up movement/ uptrend
( reverse of Rs.179.00 will be a good take off for the
breakout of Rs. 199.00 and the target will be around 220 for shorterm)
B)No. 2, 3a reacts as a continuous downtrend
(if the above fails the price will react at Rs.170 then it will expected
to go down or otherwise it will confirm the next clear trend at around Rs.190.00)
* NOTE- THIS IS MY PERSONAL ANALYSIS AND IT WAS POSTED FOR KNOWLEDGE SHARING BASIS
Clearly this is NOT FOR ANY KIND OF SUGGESTION TO BUY OR SELL.
ITC
ITC ::: LONG21 MAY 2020
INSTRUMENT: ITC
TIME FRAME: DAY
OTHER TIME FRAMES FOR CONFIRMATION:
3Hr. 4Hr
INDICATORS AND THEIR TRENDS:
PSAR: Bullish
STOCHASTICS: Bullish
MOVING AVERAGE: Bullish SUGGESTED TREND: Bullish
Technical levels
CMP: 188.89
Sell below: 187.31
SL: 185.55
TARGET 01: 192
TARGET 02: 194
My analysis of ITC is it is expected to gap up tomorrow 21 MAY 2020 and reach a target of 192 to 194. It has the capacity to reach up to 203. If it retraces from 203 to below 195 then would prefer shorting on a long term basis
Be-careful long traders on ITC. Price can be trade in range.
long-term trend is downward
expected no trading activities above attraction line.
price can rest between lower bound and attraction line.
project will help to how stock can perfect.
Advised to traders and investors: be careful to take long.