Do you remember we tried to label Elliot waves? If not, then look at the previous idea, will attach the link below.
I have always emphasized on entry, if your entry is great, even if your analysis is wrong it will not damage your capital much. And if your entry is horrible, then......... ;)
Talking about ITC, it is moving in a channel or bullish flag in smaller timeframes, breakout from the flag might open the doors for the mentioned target in the previous chart.
But but, if it doesn't break, then it can penetrate deep in the support around 207 levels. I might look for that level to go long if falls in my setup.
There is heavy chance that it might take support around 207 as if breaks that support then it can fall deeper towards 196 as other support might not be much more reliable.
Regards
I have always emphasized on entry, if your entry is great, even if your analysis is wrong it will not damage your capital much. And if your entry is horrible, then......... ;)
Talking about ITC, it is moving in a channel or bullish flag in smaller timeframes, breakout from the flag might open the doors for the mentioned target in the previous chart.
But but, if it doesn't break, then it can penetrate deep in the support around 207 levels. I might look for that level to go long if falls in my setup.
There is heavy chance that it might take support around 207 as if breaks that support then it can fall deeper towards 196 as other support might not be much more reliable.
Regards
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