ITC – Get Well Soon AP

AP is not well and therefore this chart, to get him back on track faster than normal. (yes, I AM #wicked, no? AP?)

ITC on the daily is forming one big Inverted HnS from 190 to 265 ie 75 pts for the taking. But before that on the shorter EOD view, it has retested the 200ema and now formed the right shoulder. Sustaining these levels and moving back to 265 is the T1 and can be traded on the FnO.

The second the bigger part of the journey for ITC would be the break above 265-268 levels and sustain that. That would trigger the I-HnS and a target of 330 approx.

itc-20161031

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s