ITC trade ideas
ITCNEUTRAL TO SHORT :
ITC: Potential 3 drive pattern forming which indicates a downside in weekly TF. However, need to watch whether price will reverse from here or take the levels of 260 to 270 as support, before it immediately moves to 280 as its a defensive stock favored by investors during uncertain times
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The technical analysis provided on the chart is solely the personal views of my research.
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Past performance is not an indicator of future returns. Investment is subject to market risks.
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#ITC #FLAG #EWITC: Ahead of results it is ready for flag BO. While index was giving up it held very well & was consolidating within the range. Oscillators are neutral. Harmonics & EW both indicating strength. Daily close above 267-268 will be a first indication of next strong move. Targets are 380 - 410.