ITC : STILL LOT TO GO...........
ITC TECHNICALS ARE STRONG ON DAILY TIME FRAME. SUPERTREND SIGNAL ADDS CONVICTION AT 198-202 PRICE RANGE i.e. A SUSTAINABLE CLOSING ABOVE 200EMA PRICE BAND WITH GOOD VOLUME.
ITC RALLIED GOOD FROM 198-202 AND STILL TECHNICALS ARE LOOKING GOOD ON DAILY TIME FRAME CHART WITH STRONG VOLUMES. THUS INDICATES HOLD + FRESH BUY WITH A STOP LOSS OF SUPERTREND LINE ON EOD CLOSING BASIS FOR POSITIONAL TRADING.
NIFTYFMCG INDEX HAD A STRONG BREAKOUT ON WEEKLY TIME FRAME IN RECENT WEEK. MONTHLY CHART IS ALSO ON A STRONG NOTE WITH CURRENT MONTH BREAKOUT CANDLE. SO FOR ITC STILL LOT TO GO.
ITC IS STRONG AND ANY SUPPLY/PULLBACK IF SEEN WILL BE EASILY ABSORBS HERE. BUT IF ANY CONSOLIDATION OR CORRECTION HAPPENS THEN IT WOULD BE GOOD BUY ZONE NEAR TO 200EMA PRICE BAND.
ITC RALLIED GOOD FROM 198-202 AND STILL TECHNICALS ARE LOOKING GOOD ON DAILY TIME FRAME CHART WITH STRONG VOLUMES. THUS INDICATES HOLD + FRESH BUY WITH A STOP LOSS OF SUPERTREND LINE ON EOD CLOSING BASIS FOR POSITIONAL TRADING.
NIFTYFMCG INDEX HAD A STRONG BREAKOUT ON WEEKLY TIME FRAME IN RECENT WEEK. MONTHLY CHART IS ALSO ON A STRONG NOTE WITH CURRENT MONTH BREAKOUT CANDLE. SO FOR ITC STILL LOT TO GO.
ITC IS STRONG AND ANY SUPPLY/PULLBACK IF SEEN WILL BE EASILY ABSORBS HERE. BUT IF ANY CONSOLIDATION OR CORRECTION HAPPENS THEN IT WOULD BE GOOD BUY ZONE NEAR TO 200EMA PRICE BAND.
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