CompoundingGain

ITC Looking Bullish nothing exciting though..

做多
NSE:ITC   ITC LTD
Not too exciting just because i don't see a good profit zone and better looking charts out there.

though on the lower time frame 2hr the confluence of the trilogy of 50/99/200 day has happened to form a golden cross.

Nearing resistance at present i expect it to retest 178 ish area so our order may get stopped out if it does reach there hence the loose stop loss.

Looking bullish for a while , expecting it to pull back to possibly 152ish if it gets rejected from 241 resistance zone .

Flipping 241 zone into support would be really bullish with the long term downtrend line should be broken .

last line of defense 302 for the bears .After which it could make new highs .


评论:
lets tag 206 and come back a little ..

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