ITC - Bowl Formation
ITC : Imperial Tobacco Company
ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side
Why this post ?
There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community.
Some Analysis what i foresee going forward
I am of view that once the bowl formation is completed around in between 303-313 range this stock has very less potential to go in new territory for many weeks (this is my premature assumption as of now) :)
Chintamani :)
Disclaimer
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side
Why this post ?
There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community.
Some Analysis what i foresee going forward
I am of view that once the bowl formation is completed around in between 303-313 range this stock has very less potential to go in new territory for many weeks (this is my premature assumption as of now) :)
Chintamani :)
Disclaimer
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
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