ITC Make or Break ??!!!!!
Chart Pattern itself explains well about the technical situation in ITC.
1. Channel from feb 2022 seems broken[/b].(we need the next day candle confirmation for a definite move downside)
2. Bearish flag pole pattern (11th nov to till date) roughly gives a target a 18 points down side.
3. Fib levels too broken.
SL and Target levels are as mentioned in the chart.
Volume seems to be the concern for the channel breach candle downside.
Monday's candle seem to be important for the move either side. Wait for it and then Plan your trade.
Let's wait and watch!!!!
Note: Just sharing my view....not a tip nor advice!!!
1. Channel from feb 2022 seems broken[/b].(we need the next day candle confirmation for a definite move downside)
2. Bearish flag pole pattern (11th nov to till date) roughly gives a target a 18 points down side.
3. Fib levels too broken.
SL and Target levels are as mentioned in the chart.
Volume seems to be the concern for the channel breach candle downside.
Monday's candle seem to be important for the move either side. Wait for it and then Plan your trade.
Let's wait and watch!!!!
Note: Just sharing my view....not a tip nor advice!!!
Dagangan aktif
Nota
SL level reached....still the script not looking good for bulls...have to wait for clarity!!!
Nota
superb bearish candle...needs follow up to confirm.Dagangan aktif
Nota
Good followup...Nota
Bearishness prevails!!!
Penafian
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