ITC - The Rise....
ITC the 'rising giant' is showing its heroic move with very
much similarity as the 'Puspha' character, who was misunderstood in the
movie as inefficient man and same here 'ITC' was assumed as slow mover but
now it has changed everyone mindset with a strong move.
ITC has formed rising three method pattern in daily charts after a breakout
which is a positive signal.
ITC has given a weekly breakout above 263 which was a strong resistance.
Both RSI and MACD supporting the up move .
Weekly RSI :-
Daily RSI :-
Though ITC is trading in a channel but it seems that this time it could
break the channel.
#Enjoy_trading
much similarity as the 'Puspha' character, who was misunderstood in the
movie as inefficient man and same here 'ITC' was assumed as slow mover but
now it has changed everyone mindset with a strong move.
ITC has formed rising three method pattern in daily charts after a breakout
which is a positive signal.
ITC has given a weekly breakout above 263 which was a strong resistance.
Both RSI and MACD supporting the up move .
Weekly RSI :-
Daily RSI :-
Though ITC is trading in a channel but it seems that this time it could
break the channel.
#Enjoy_trading
Penafian
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