TheUnlearningOne

ITC forms a symmetrical triangle pattern

做多
NSE:ITC   ITC LTD
The stock is currently under consolidation and we can see a formation of symmetrical triangle pattern.

On the upside, 275 and 282 are important hurdles to cross before any significant upward momentum.

On the downside, I see strong support at 258.

Important to note that the stock has found support at or near the 50 day EMA at every downside.
评论:
Today, the important levels of 275 and 282 were crossed. Most importantly, the stock price managed to close above those levels, near its day high of 285.
评论:
310 isn't far off once 300 is crossed. Might see resistance around 300 level.
评论:
310 achieved.

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