Hi traders ,
One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect of this pattern price going down. This is bearish pattern so my next target id lower blue line in coming days. If this is not taken out on 2hr time frame then structure will change and price will move down further. On the contrary If price consolidate or not taken out then up trend will resume. As you are expected to break 209 seems to be tough with this structure . Rest market will decide.
YOGESH VATS
One of my followers yesterday requested me to put some light on ITC , here this analysis for him and many more who are the part of this scrip or want to be. I circled an evening star pattern in white see this is tested by red long shooting star on red resistance. Clearly shows this pattern is active and you can see the effect of this pattern price going down. This is bearish pattern so my next target id lower blue line in coming days. If this is not taken out on 2hr time frame then structure will change and price will move down further. On the contrary If price consolidate or not taken out then up trend will resume. As you are expected to break 209 seems to be tough with this structure . Rest market will decide.
YOGESH VATS
t.me/tradengrow
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
One line is need to be corrected if 2hrs time frame, "not" is omitted here.